Singapore-based startup Resync Technologies that offers AI-driven solutions for energy management has secured US$2 million funding in a Series A round from a global venture company, GGV Capital.
The startup had previously received funding from EntrepreneurshipFirst, SG Innovate, and Prasetia Dwidharma, an Indonesian Infocomm technology solution provider. Resync Technologies is also a recipient of a research grant launched by the Energy Market Authority in collaboration with Enterprise Singapore.
Resync Technologies plans to use the fresh funding to develop and innovate more advanced features for its energy cloud platform, considering that more efficient and cleaner energy usage is on the rise.
“With adoption of energy efficiency technology growing exponentially, Resync is well-positioned to drive global digitalization and enable a more efficient, intelligent and sustainable energy future for all,” said chief executive officer Emir Nurov.
The startup also plans to further expand business operations across the region and also in the Middle East. Resync will also be firming up its existing operations as it aims to grow its team in the areas of sales, research and development, business development, and engineering.
GGV Capital’s venture partner, Liew Weihan, said that the company is “excited to back” Resync as the startup expands across the region.
The solutions provided by Resync Technologies are presently being used by over 300 megawatt peak of solar assets and 150 buildings.
About Resync Technologies
Founded in 2017 by Emir Nurov and Jayantika Soni, Resync Technologies is an intelligent energy cloud platform for smart cities and systems with distributed energy sources. Resync leverages artificial intelligence-based edge computing and machine learning optimization to aggregate, analyze, and optimize energy generation, distribution, and consumption.
Resync serves more than 20 customers in 7 markets in the Asia-Pacific and have already established partnerships with several organizations, including Thai Digital Energy Development, Nanyang Technological University, and Prasetia Dwidharma.
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