Tyba Secures $14M Series A Funding Led by Energize Ventures
Deal News | Feb 06, 2025 | Energize Ventures LLC
Energize Capital has taken the helm of a $14 million Series A financing round for Tyba, a leading battery optimization platform. Tyba, now boasting over $18 million in total funding, has attracted investors including Pear VC, Mobilize, Borusan, Powerhouse, Wireframe, Virta, and Lorimer. As part of this deal, two Energize executives, Tyler Lancaster and Ana Hugener, are joining Tyba’s board. This investment signifies a strategic move by Energize, which previously backed TWAICE, to further its involvement in battery software solutions amid an evolving U.S. energy landscape marked by increased electric demand and greater reliance on renewable energy. Tyba is at the forefront, using AI to optimize battery storage operations, already impacting major players like TotalEnergies and Intersect Power, and is set to expand its reach and team to support new energy projects.
Sectors
- Renewable Energy
- Technology
- Venture Capital
Geography
- United States – The article discusses developments within the U.S. energy market, specifically the battery storage sector, and mentions Tyba's operations in Texas and California.
- California – Tyba is based in Oakland, California, and is actively optimizing battery storage in this state, making it a significant geographical focus for the company.
- Texas – Tyba is optimizing battery assets in Texas, a state with a significant power market where its solutions have demonstrated marked performance improvements.
Industry
- Renewable Energy – The article focuses on battery optimization within the renewable energy sector, highlighting Tyba’s role in improving the efficiency and profitability of energy storage systems.
- Technology – Tyba’s platform leverages technology and AI to optimize the management and deployment of battery assets, making it a key player in technological innovations in battery storage.
- Venture Capital – Energize Ventures’ leading role in the Series A funding round underscores the venture capital industry's involvement in fostering innovative energy solutions.
Financials
- $14M – The amount raised in the Series A funding round led by Energize Ventures.
- $18M – The total amount Tyba has raised to date, including the recent funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tyba | Target Company | Company | A leading battery optimization platform leveraging AI to enhance asset management and profitability. |
| Energize Ventures LLC | Investor | PE Firm | A venture firm investing in companies powering the energy transition, leading Tyba’s $14M Series A round. |
| Pear VC, Mobilize, Borusan | Co-Investors | Company | Investors participating in Tyba’s Series A funding round. |
| Powerhouse, Wireframe, Virta, Lorimer | Existing Investors | Company | Previously invested in Tyba and are part of the current funding round. |
| Tyler Lancaster | Board Member | Person | Partner at Energize Ventures joining the Tyba board. |
| Ana Hugener | Board Observer | Person | Principal at Energize Ventures joining as a board observer for Tyba. |
| Michael Baker | CEO | Person | Co-founder and CEO of Tyba. |
| Tom Thunell | COO | Person | Co-founder and COO of Tyba. |
| Tyler Nisonoff | CTO | Person | Co-founder and CTO of Tyba. |