Exnaton closes Series A financing round

(CONNECT) The software company Exnaton, which was founded as a spin-off of the Swiss Federal Institute of Technology in Zurich (ETH), has successfully completed its Series A financing round. The financing round was jointly led by 4impact capital and Elevator Ventures and further supported by existing investors such as True Ventures and Übermorgen Ventures. Exnaton has developed an artificial intelligence (AI)-based intelligent platform for energy suppliers and plans to use the capital to accelerate its European expansion and deepen customer partnerships, according to a statement.

The new capital will be invested primarily in sales, marketing and the development of AI-based product functions. "With this financing, we will accelerate our go-to-market strategy, improve our customer-oriented processes and make our software even smarter - from detailed personalized billing to intelligent management of decentralized flexibilities," explains Anselma Wörner, co-founder and COO of Exnaton.

Exnaton's platform supports energy suppliers in the rapid development and provision of modern energy products, such as dynamic tariffs or the intelligent charging of electric vehicles. The platform can be seamlessly integrated into existing enterprise resource planning (ERP) systems and requires no IT conversion. With the help of AI, the platform automates complex processes in the areas of billing, energy consumption and production data analysis. This can reduce operating costs and increase efficiency.

Exnaton has already acquired over 50 energy companies from all over Europe as customers. These include TotalEnergies, eprimo, Bayernwerk and Burgenland Energie. ce/nta