BMH Beteiligungs-Managementgesellschaft Hessen mbH, the medium-sized investment and venture capital company of the state of Hesse, is participating in etalytics as a lead investor together with Xantaro as part of a pre-series A financing. The Darmstadt-based startup develops software solutions to increase energy efficiency and flexibility through data-driven and energy technology processes. etalytics plans to use the new financial resources to expand its team for further scaling.
etalytics GmbH is a spin-off of the TU Darmstadt and was founded in 2020 by Dr. Niklas Panten, Dr. Thomas Weber and Björn Scheurich. They pursue the goal of limiting energy waste in industry, saving costs as well as CO2 emissions and thus making an effective contribution to climate protection. The idea arose from the diverse experiences of research projects carried out in recent years by the Energy Technologies and Applications in Production (ETA) research group at Darmstadt Technical University. And etalytics’ solution meets the pulse of the times: legal requirements, the growing environmental awareness of consumers and rising energy prices are pushing companies towards more sustainability in production. Future-oriented companies must above all reduce energy requirements as well as the resulting CO2 emissions from manufacturing.
“Energy is still being wasted across all sectors. In pilot projects, we have been able to prove that intelligent operation of energy systems can already reduce the energy demand by up to 45 percent – with payback times of less than one year,” says Dr. Niklas Panten, co-founder and CEO of etalytics. “We are pleased to be able to further scale our solutions and intensify our contribution against climate change through the growth funding from BMH and Xantaro.”
With its etaONE® platform and etaEDGE® IIoT gateways, etalytics provides companies with the digital infrastructure they need to model, visualize, analyze and optimize their energy plants and systems. In doing so, the startup relies on innovative, both cloud- and on-premise-based data analytics and machine learning technologies, thus transferring them from research to business. They are ultimately used in data centers, production facilities, smart districts or cities and building complexes, as well as by energy providers.
With its solutions and products, etalytics is a pioneer in the field of operational optimization, because none of the existing competitors is currently focusing on energy and resource efficiency for industrial utility systems. By coupling robust optimization methods and machine learning, etalytics takes industrial energy management to a new level. However, as a platform, etaONE® can also be used to map other application areas from technical monitoring, energy cost management and carbon impact tracking to load forecasting and energy purchasing, enabling competitors to be displaced from customer systems in the medium to long term.
“The etalytics team, their mission and their products have convinced us completely,” comments Sebastian Schnell, responsible investment manager at BMH. “In view of the climate targets set by politicians, we see great long-term market potential for innovative and intelligent solutions in the field of energy efficiency.”
“etalytics’ solutions open up unexpected savings potential for data centers and energy-intensive companies,” says Gerold Arheilger, co-founder and CEO of Xantaro. “The results have already been absolutely convincing in practice. We are pleased that as etalytics’ exclusive sales partner for the DACH region, we are now also part of the success story as an investor.”
BMH Beteiligungs-Managementgesellschaft Hessen mbH, based in Wiesbaden, was founded in 2001 and is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). Through Wirtschafts- und Infrastrukturbank Hessen (WIBank), BMH is actively involved in the economic development activities of the State of Hesse. As a medium-sized investment and venture capital company, BMH bundles public investment interests and financing instruments for early-stage, growth and medium-sized companies in Hesse. BMH currently manages seven investment funds with a total invested investment volume of around 125 million euros. Since its foundation, BMH has invested in a total of more than 500 companies. The investment focus is on the software & IT, life sciences, mechanical and plant engineering, industrial goods, professional services and e-commerce sectors, among others. More information about BMH and its funds: www.bmh-hessen.de
About Xantaro (RTNX GmbH)
Xantaro is an internationally oriented service integrator for carriers, service providers and large enterprises with customers in Europe. As a service integrator, Xantaro offers delivery and integration of components and services from completely different network layers and manufacturers: from optical transport systems to IP/MPLS service platforms, Carrier Ethernet products, data center and virtualization solutions, voice and video applications to complete product life cycle management. Services include independent consulting for investment decisions and selection of system technology, delivery, and smooth integration of components or specially developed value-added services into existing network infrastructures.
Etalytics is a software provider of energy intelligence solutions to increase energy efficiency and flexibility through data-driven and energy engineering practices. etalytics’ etaONE platform enables customers to structure, visualize, analyze and optimize their energy systems to reduce CO2 emissions and energy costs. As a spin-off from the Technical University of Darmstadt, etalytics thus brings innovative data analytics and machine learning technologies from research to application – for data centers, production plants, smart quarters/cities, energy suppliers and building complexes. With etalytics, companies find and tap new energy efficiency potentials and sustainably support their energy management teams.