# BrightSource Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightsource-energy

- Industry: Renewable Energy
- Headquarters: Jerusalem, Israel
- Website: www.brightsourceenergy.com
- Total disclosed funding: $540M
- Latest round: Series E (Mar 23, 2011)
- Investors on record: 13

## About

BrightSource Energy harnesses AI technology to optimize renewable energy management, offering solutions that enhance operational efficiency and economic viability for energy assets across various sectors.BrightSource Energy, Inc., founded in 2006, is based in Jerusalem, Israel, and specializes in energy management solutions. The company has completed 15 deals since its inception, with its latest funding round being a VENTURE DEBT of USD 3.9 mn raised on April 19, 2016. The leadership team includes CEOs Dave Ramm and Izik Kirshenbaum.BrightSource Energy focuses on developing renewable energy management solutions, particularly through the OASES Energy Management and Optimization System. This AI-driven platform provides real-time analytics and optimization for diverse renewable assets, including photovoltaics, battery storage, wind turbines, and electric vehicle charging stations. Serving clients across North America, Europe, and the Middle East, their solutions address specific regulatory and operational challenges faced by utility companies, energy developers, and commercial enterprises.BrightSource Energy's revenue primarily stems from software and service offerings, including subscription-based access to its OASES platform. Clients pay ongoing fees for software use, with performance-based incentives linked to optimization success. The company also generates revenue through direct sales of technology and consulting services, engaging with both B2B entities and public/private sector stakeholders in the renewable energy market.BrightSource Energy is focused on launching new products and expanding into additional markets. The company plans to leverage the USD 3.9 mn raised in the most recent VENTURE DEBT round to support these initiatives. Specific geographical regions targeted for expansion include new markets in Europe and the Middle East, with a strategic emphasis on enhancing their product offerings by the end of 2017.

## Funding rounds

- Series E, Mar 23, 2011, $79M — Draper Fisher Jurvetson, Morgan Stanley Investment Management, VantagePoint Capital, California State Teachers' Retirement System, Chevron Technology Ventures, DBL Partners, Alstom, BP Ventures
- Series E, Mar 14, 2011, $33M — Draper Fisher Jurvetson, VantagePoint Capital, Chevron Technology Ventures, DBL Partners
- Series E, Dec 28, 2010, $90M — Draper Fisher Jurvetson, VantagePoint Capital, Chevron Technology Ventures, DBL Partners
- Series D, Feb 2, 2010, $176M — Draper Fisher Jurvetson, Morgan Stanley Investment Management, VantagePoint Capital, California State Teachers' Retirement System, Alstom, Russian Venture Company, BP Ventures
- Series C, May 14, 2008, $115M — Draper Fisher Jurvetson, Morgan Stanley Investment Management, VantagePoint Capital, Chevron Technology Ventures, Black River Asset Management, DBL Partners, Alphabet, BP Ventures, Equinor Ventures
- Series B, Jul 24, 2007, $0.6M — Draper Fisher Jurvetson
- Series B, May 15, 2007, $30M — Draper Fisher Jurvetson, VantagePoint Capital, ChevronTexaco Technology Ventures
- Series A, Jan 19, 2007, $17M — VantagePoint Capital

## Investors

- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series A, Series B, Series C, Series D, Series E
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series D, Series E
- ChevronTexaco Technology Ventures — Series B
- Morgan Stanley Investment Management — Series C, Series D, Series E
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series C, Series E
- Black River Asset Management (https://capitalatlas.ai/funds/black-river-asset-management) — Series C
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series C, Series E
- Alphabet — Series C
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series C, Series D, Series E
- Equinor Ventures — Series C
- California State Teachers' Retirement System — Series D, Series E
- Alstom — Series D, Series E
- Russian Venture Company — Series D