Gyre Energy Raises $1.3 Mn in Pre-Seed Round led by Speedinvest

The pre-seed funding round was led by Speedinvest, with participation from rule30 and Plug and Play. The funding is helping Gyre work with larger enterprise customers, including one of the world's biggest logistics companies that stores and transports temperature-sensitive goods.

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Gyre will install its AI-powered cooling optimization and thermal energy storage system at a 140,000-square-foot cold storage facility. The AI will predict cooling demand, reduce energy use, and keep temperatures stable. The system will also store cooling energy when electricity is cheaper and use it during expensive peak hours to lower energy costs.

This is Gyre's biggest project so far and its first partnership with a global logistics company. As heatwaves increase across Europe and other regions, the demand for cooling is rising, putting pressure on power grids. Gyre's technology aims to improve energy efficiency and help businesses manage growing cooling needs.

Dougald Coulson, co-founder and CEO of Gyre Energy, said: “Cooling already accounts for around a fifth of global electricity demand, and it’s rapidly growing. For the operators we work with, energy is one of their largest costs and cooling is the part they’ve had the least control over. What’s really resonating with our customers is that the same infrastructure that has historically been a cost line can become an energy asset. Working with one of the world’s largest logistics operators gives us the opportunity to prove that approach in one of the most demanding cold chain environments in the world.”

Alex Davis, Investor at Speedinvest, said: “Cooling is one of the most fundamental and overlooked problems in the energy transition, and Gyre is tackling it head on. This is AI applied to the real world, delivering real outcomes in the shape of lower energy consumption and more resilient supply chains. In the twelve months since we invested, Dougald, Tom, Mike and the team have executed exceptionally, moving from proven first commercial deployment to working with one of the world’s most sophisticated cold chain operators. Gyre is building a core layer of the energy stack of the future, and we’re delighted to be on this journey with a team that is global by nature and unbounded in its ambition.”

Founded in 2024 by Dougald Coulson, Michael McKenna and Tom Gibson, Gyre combines physics-based AI with thermal energy storage to make cooling systems more efficient and reduce energy use. Its technology is used in cold storage facilities, logistics centers, grocery stores, and other businesses that need large-scale cooling.

The company's platform is already being used in the UK, Africa, and the Caribbean. It is now expanding into the Middle East, Asia Pacific, and Europe.