Developer of advanced software for battery controls Zitara has secured Series AA funding of $17m that will be used to continue pushing its solutions forward in increasing the performance, reliability and sustainability of energy storage systems. The element of energy storage forms one of the vital ingredients that clean energy is built from: while renewable sources of energy such as solar or wind power continue gaining expansion. These sources may be more important, but they supply energy intermittently. Therefore, energy storage is important to ensure that the energy provided periodically matches round-the-clock demand and prevents wasteful energy consumption.
Founded in 2019, Zitara is a San Francisco-based firm. Founded in 2019, their software is an algorithmic powerhouse for the optimization of performance, safety, and lifetimes of batteries. They can be applied over a range of applications. However, they are most relevant where the systems are large-scale or grid-connected energy storage ones. The approach by Zitara ensures that both generated and stored energy is used effectively. This is a huge factor in the push that the energy sector is getting for sustainability.
The firm invests the newly generated capital in its business ties and strengthens the development engagement with IPPs and IOUs. IPPs and IOUs primarily work on large-scale front-of-the-meter BESSs, which are directly connected to the electricity grid. Other than improving market access to such customers, Zitara will also increase the partnership engagement with battery manufacturers and system integrators. The company is also interested in ramping up their engineering capabilities to enable acceleration of product development and enhancement of its AI and machine learning capabilities for advanced battery optimization.
Shyam Srinivasan, CEO of Zitara, said: “We are excited to announce this funding. This is a key milestone in our journey, and it allows us to accelerate our product development and market presence.”.
According to Srinivasan, this is an important step toward a sustainable and electrified future. This new funding will also help the company provide advanced battery management solutions, maximize battery performance and life while reducing costs and minimizing environmental impacts.
The funding round was led by Salesforce Ventures and followed by participation from Emerson Ventures, Chevron Technology Ventures, Energy Impact Partners, and Climate Capital. Claudine Emeott, Partner at Salesforce Ventures, said that she is convinced that Zitara will make all the difference in the fast-growing energy storage market. She emphasized how the innovative battery management software aligns with Salesforce Ventures’ mission to support technologies promoting sustainability and efficiency.
Given continuous increases in renewable sources of power usage, which in turn rise the demand for energy storage, its software products stand the firm in the pinnacle of progress towards more effective as well as environment-friendly storage systems. With cutting edge technology and clear vision over tomorrow and an even better promised present, Zitara shall prompt most this shift towards the clean electrified grid. Series AA funding arrives at a time when the energy storage market remains continuously expanding. Innovations in battery management by the companies, such as Zitara, have become key aspects in ensuring that the systems used in energy storage operate to optimal levels and also remain safe. With the use of AI and machine learning, solutions from Zitara have assisted in realizing the growing demands for more efficient and environmentally friendly energy storage technologies. Given the strengthening of partnerships and rapid product development by the company, it is in a prime position to play a central role in the evolution of energy storage solutions and the broader clean energy transition.