# 60Hertz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/60hertz

- Industry: Software
- Headquarters: Anchorage, US
- Website: www.60hertzenergy.com
- Latest round: Seed (Jan 7, 2020)
- Investors on record: 1

## About

Founded in 2017 and based in Anchorage, Alaska, 60Hertz Inc specializes in AI-driven solutions for maintenance management in the renewable energy sector, enhancing operational efficiency across various energy assets.60Hertz Inc is dedicated to providing technology solutions for the renewable energy sector, focusing on maintenance management systems. The company was established in Anchorage, Alaska, in 2017 by founders Piper Wilder and Tonya James, who have backgrounds in energy innovation. In May 2021, the company raised USD 1.3 mn in a pre-Series A funding round led by FACTOR[e] Ventures and Climate Impact Capital, with contributions from other investors including 49th State Angel Fund, SeaChange Fund, and Clean Energy Venture Group. This funding represents the total amount raised to date, totaling USD 1.3 mn across two deals, aimed at supporting the company’s growth initiatives.60Hertz specializes in providing an AI-powered Computer Maintenance Management System (CMMS) tailored specifically for the renewable energy sector, which includes solar, wind, and energy storage operations. The platform offers features such as seamless integrations with leading monitoring platforms and OEM portals, enabling efficient maintenance workflows. It facilitates both preventive and corrective maintenance while utilizing advanced analytics and machine learning to optimize asset performance, extending the lifespan of renewable energy assets. The software is designed for a diverse clientele, including utility companies and maintenance crews, particularly in North America and regions with significant renewable energy investment. Additionally, 60Hertz supports a mobile-first application that allows teams in remote locations to maintain productivity regardless of connectivity issues.60Hertz employs a unique pricing structure to meet the needs of its clients in the maintenance management sector, generating revenue primarily through subscription fees based on the installed capacity at client sites. This model reflects the revenue generated by those sites and fosters a collaborative environment aimed at enhancing operational efficiency. Transactions are structured as B2B agreements, with clients including utility operators and energy asset managers who require tailored maintenance solutions. The company’s flagship services, such as advanced reporting and customizable dashboards, form an integral part of the value proposition offered to clients, enhancing their ability to manage and optimize maintenance activities effectively.Following the recent funding of USD 1.3 mn raised in May 2021, 60Hertz plans to accelerate its growth in the North American and Sub-Saharan African markets. The company is focusing on developing new products designed to enhance their offerings in the renewable energy sector. Specific details regarding upcoming product launches have not been disclosed, but the strategic aim is to broaden its market presence by targeting these regions.

## Funding rounds

- Seed, Jan 7, 2020 — Factore Ventures

## Investors

- Factore Ventures (https://capitalatlas.ai/funds/factore-ventures) — Seed