The Hamburg-based startup Suena, founded in 2021, has built a platform that aims to optimize electricity trading with the help of artificial intelligence. It has now received a total of €1.2 million for this in a pre-seed financing. In addition to the EIT innovation fund, Innoenergy Vireo Ventures and Raakwark Kaptaal are also involved in the round.
Suena stands for "sustainable energy applications." The suenAS software helps to profitably optimize the operation of energy storage and renewable energy for a wide range of applications, users and markets. It responds in real time to market dynamics and grid constraints, making energy supply planning predictable and thus more secure. Offered as software-as-a-service, the solution is designed to ensure that power systems based purely on renewable energy are possible.
"We are delighted with the confidence of our investors, who are supporting us in our mission to accelerate the energy transition," says Dr. Lennard Wilkening, CEO at Suena. "With the fresh capital, we can accelerate product development and pilot implementation to quickly address the urgent need for innovative solutions for energy storage deployment." Wilkening co-founded the startup with Tom Witter and Miguel Wesselmann.
The closing of the funding round is not Suena's first success story in 2022. Back in March, the startup announced it had been accepted into the Leipzig-based accelerator SpinLab. This was followed in May by a funding from the InnoRampUp program of IFB Innovationsstarter GmbH in the amount of 150,000 euros, and the first place in the "Impact StartAperitivo" pitch competition. And since June, Suena has been part of e-combinator, an influential network in the energy industry.