Tallinn-based cleantech firm LynxPower, which optimizes building energy use with AI-powered monitoring and control, has raised €550,000 from Giga AS to expand into international markets, as Vestbee was informed.
- Established in 2023 by Indrek Raide, LynxPower develops an AI-based energy monitoring and management platform that measures, analyzes, and optimizes building energy consumption in real time.
- The platform integrates proprietary hardware and software to provide continuous, automated energy monitoring, machine-learning-driven analysis, and control of building systems.
- It enables building owners and operators to reduce energy costs by up to 40%, ensure compliance with environmental standards such as LEED, BREEAM, and ISO 50001, and generate actionable insights for operational improvements.
- LynxPower’s clients include AS Krulli Kvartal, AS Kapitel, Nordecon AS, Tallinna Ehitustrust OÜ, and Südamekodud AS.
Details of the deal
- The investment round saw backing from Giga AS, an Estonian technology and cleantech investor, as well as Taavi Madiberk and Marko Virkebau.
- LynxPower will use the €550,000 investment to advance its AI-driven energy management platform, enhance its functionality, and enter new international markets.
- The funding will also enable the company to expand sales and marketing efforts and leverage its team’s expertise in hardware, software, and energy systems to provide a comprehensive, reliable solution for clients.
