Furo raises $4m in funding led by TQ Ventures
Neo, Sandberg Bernthal Venture Partners and CDTM Venture Capital joined the battery-software company’s financing.
Backing the next battery-software phase
Furo announced the $4 million financing on September 10, led by TQ Ventures with Neo, Sandberg Bernthal Venture Partners and CDTM Venture Capital participating.
The company’s development and market-expansion plans centre on software that connects forecasts with battery operation. Its platform forecasts electricity prices, weather and site consumption up to 48 hours ahead, then optimises charging, discharging and trading in real time.