Vind AI funding news – Oslo-based Vind AI Secures €3Million in Seed Funding
Sep 11, 2024 | By Team SR
Vind AI, a AI platform for wind park design, secures €3million in seed funding led by Norrsken VC. The round includes participation from Spacemaker founders, Arkwright X and employees.
SUMMARY
- Vind AI, a AI platform for wind park design, secures €3million in seed funding led by Norrsken VC.
- Vind AI is transforming wind project planning and design with real-time data access, sophisticated optimization, and smooth collaboration.
The entire set of software tools accessible to a modern developer, including artificial intelligence (AI), is not utilised by the industry's historical systems for planning and building wind projects.
More power behind the planning and design of wind projects is required in a future where higher adoption of wind technology is required to reach targets for net zero—the European Commission wants 50% of its energy to come from wind by 2050, up from the present 11%.
Read also - CardiaTec funding news – CardiaTec Raises $6.5Million in Seed Funding
RECOMMENDED FOR YOU
Heidi funding news – Bristol-based Heidi Secures Over €6.6 Million in Funding
Team SR
Jun 28, 2024
[Funding alert] Oxford-based MeVitae Raises €1.7 Million in Seed Funding
Team SR
Feb 16, 2024
[Funding alert] CA-based Creative Force Secures $8.9M Series A Round Funding
Team SR
Oct 17, 2023
Vind AI is an online tool for wind project design up to pre-feed. It provides the next generation of tools that leverage AI and other contemporary software development techniques to make sure that every possibility is modeled before the expensive construction process starts.
The company wants its clients to be able to make significantly better design choices, which will enable them to produce more energy at a cheaper cost. To ensure that the finished project produces the most energy at the lowest cost, they can test a variety of configurations for where to put the turbines or how to wire them together.
A wind turbine cannot be removed from its installation site for up to 25 years, therefore placement errors have little opportunity for correction. Real-time data on environmental constraints, wind patterns, grid connections, and other environmental factors, as well as social factors like the view from the shore, can be used in the design space to make economically and environmentally significant decisions. Before ever running into issues in the actual world, users can reduce effect at the design level. The platform strikes a balance between company expenses and the effects on society and the environment.
CEO and Co-Founder of Vind AI, Helene Bøhler said, “As the wind industry gears up for immense growth, our ambition is to lead this transformation by becoming the industry standard for both offshore and onshore wind projects, as well as energy storage. At Vind AI, we see vast opportunities to not only support the expansion of renewable energy, but also to push it forward with the best technology available. Our vision is to empower the wind industry to achieve new heights and to help meet the global demand for sustainable energy.”
Alexander Danielsson, Partner at Norrsken VC says, “We are excited to support Vind AI’s growth in an industry that is set to explode over the coming years. Reaching goals for energy from wind can only be achieved by making the design and implementation of wind projects both streamlined and well-budgeted, and this is exactly what Vind AI is doing. We look forward to working with and supporting the team on their journey!
The company wants to be the industry standard for vertical software as a service (SaaS) that handles wind project management from design to operation and maintenance. Vind AI plans to use the funds to expand its customer base and enhance the product. This entails expanding the team by adding a variety of professionals from the industry, software developers and designers, and recruits for the commercial team.
About Vind AI
Vind AI is transforming wind project planning and design with real-time data access, sophisticated optimization, and smooth collaboration. Experience the future of wind project planning and design. Simplify the process, lower the risk, and promote a greener future.