Verse raises $20.5 million to revolutionize clean energy management for corporations

Verse, a clean energy management software provider, has raised $20.5 million in Series A funding. This investment round, led by Google Ventures with support from Coatue, CIV and MCJ Collective, will strengthen Verse’s efforts to scale its commercial and commercial operations. improving product capabilities to reduce corporate emissions and electricity costs.

Transforming energy consumption in enterprises

Verse’s innovative software enables organizations to understand, plan and manage their clean energy needs.

“Commercial and industrial use of electricity has a significant impact on global emissions. We need to make clean energy the most economical option for large electricity consumers, but existing solutions do not scale. Our Series A round, backed by an impressive list of investors, will fuel Verse’s growth and enhance our software suite, enabling more companies to reduce both their electricity costs and emissions.” – Seyed Madaeni, CEO or Verse

Meeting the challenges of modern energy

Several trends increase the urgency for organizations to transition to clean energy:

1. Artificial intelligence and electric vehicles: The development of energy-intensive technologies increases energy consumption and related emissions.
2. Corporate electricity costs: Recent geopolitical and weather events have caused a sharp increase in electricity prices and their volatility.
3. Regulatory requirements: New regulations in the US and EU require carbon disclosure, forcing organizations to be more granular in accounting for carbon emissions and clean energy purchases.
4. Legacy order costs: Traditional methods of obtaining clean energy involve high transaction and overhead costs.

Innovative Verse solution

Verse’s AI-enabled software platform, Aria™, addresses these challenges by enabling organizations to set goals and create action plans for optimal, cost-effective clean energy portfolios in minutes.

This approach significantly reduces transaction costs and provides immediate benefits.

“Emerging regulations and technologies challenge companies to manage and rapidly learn about complex clean energy portfolios. The Verse team combined industry knowledge with advanced software to build an efficient, cost-effective solution with immediate benefits. We are pleased to support his efforts to accelerate the transition to clean energy.” – Andy Wheeler, General Partner at Google Ventures

Aria™ Platform: Pioneering clean energy management

Founded in 2022 by Seyed Madaeni and Matt Penfold, Verse’s Aria™ platform supports companies at every stage of their clean energy journey.

Whether you set net zero energy goals, purchase renewable energy credits (RECs), or manage hourly adjusted carbon-free energy (CFE) portfolios, Aria™ helps organizations reduce electricity costs and emissions.

By optimizing for lowest costs and managing risk, Aria™ makes clean energy an economically smart choice.

About the poem

Verse’s SaaS platform, Aria™, leverages generative artificial intelligence to help companies define clean energy goals and plan, acquire and manage optimal portfolios of clean energy assets.

Aria™ allows customers to set specific goals such as cost, emissions or hourly matching, and optimizes for annual matching, emissions matching or hourly CFE.

By reducing transaction costs by up to 70% and offering real-time analysis in minutes, Aria™ accelerates the transition to clean energy in corporations.