Swedish startup raises $3.8 million to transform energy grid management

Stockholm-based startup Skyqraft has raised $3.8 million in a funding round that garnered substantial interest from investors. The oversubscribed round saw participation from key players including Subvenio Invest, Neptunia Invest, and Antler, collectively injecting a crucial financial boost into Skyqraft. The newfound funding is expected to be a game-changer for Skyqraft, reinforcing its position in the market. With this financial backing, the startup aims to expand its services on the platform and extend its reach within its customer network. The ultimate objective is to solidify its presence not only in its home base of Europe but also across the pond in the North American market.

The global energy transition is currently a top priority on the world stage. As nations worldwide strive to transition to cleaner and more sustainable energy sources, the role of the electrical grid becomes pivotal. By 2045, global energy consumption is projected to double, necessitating a significant shift toward clean energy sources.

However, the challenge lies in the aging grid infrastructure, which requires optimization and investment to meet the demands of this energy transformation. Skyqraft is poised to play a pivotal role in this transition. The company specializes in providing the crucial data needed to optimize grid management and make informed decisions in tackling the complexities of the global energy transition.

Founded in the vibrant city of Stockholm in 2019, Skyqraft specializes in providing advanced network monitoring and visual data analytics solutions to the linear infrastructure sector, particularly focusing on the electrical grid. Their core mission is to assist businesses and utilities in making informed decisions about grid management and optimizing the performance of grid systems.

Skyqraft’s services involve leveraging data-driven insights, often gathered through drone inspections and advanced algorithms, to enhance the efficiency, reliability, and sustainability of electrical grids. This plays a crucial role in addressing the challenges of the global energy transition by ensuring the grid can accommodate the increasing demand for clean energy sources.

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