# DEPsys

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

- Industry: Electronics
- Headquarters: Switzerland
- Website: www.depsys.ch
- Total disclosed funding: $16M
- Latest round: Series B (Feb 8, 2019)
- Investors on record: 5

## About

DEPsys SA is a Swiss company specializing in automated energy management systems for the cryptocurrency sector, focusing on optimizing energy consumption for mining farms and casinos through intelligent solutions.Founded in 2012 and headquartered in Switzerland, DEPsys SA provides automated energy management systems tailored for cryptocurrency operations. The company was recently acquired by Kraken Tech in November 2022 from ONE CREATION and other investors for an undisclosed amount. The founder's history is not specified. DEPsys SA has secured a total of CHF 13.2 mn in funding through 4 deals, with the latest being a Series B round on November 30, 2022, involving investors such as BNP Paribas and SET Ventures.DEPsys SA specializes in providing automated energy management systems specifically designed for cryptocurrency casinos and mining farms. Their offerings include intelligent energy systems powered by artificial intelligence, which monitor and optimize energy consumption in real-time, addressing the high computational demands of blockchain technology. The company primarily serves clients in the European and North American cryptocurrency sectors, focusing on sustainable energy solutions.DEPsys SA generates revenue through partnerships with cryptocurrency casinos and mining farms that implement their energy management solutions. Operating on a B2B model, clients benefit from reduced operational costs and enhanced efficiency through contractual agreements encompassing installation, maintenance, and energy optimization services. The pricing structure is customized according to clients' specific energy needs, with a likely focus on recurring revenues linked to system performance and energy savings.Following its acquisition by Kraken Tech, DEPsys SA aims to enhance its network operator offerings. The company is exploring the development of new energy management products tailored for the evolving cryptocurrency landscape. Specific plans for market expansion will focus on broader reach within Europe and North America. The recently raised CHF 13.2 mn will support these initiatives and facilitate the introduction of innovative solutions, aligning with the strategic goals post-acquisition.

## Funding rounds

- Series B, Feb 8, 2019, $13M — SET Ventures, BNP Paribas
- Series A, Jun 13, 2016, $3.1M — VNT Management, Statkraft Ventures, ONE CREATION

## Investors

- VNT Management (https://capitalatlas.ai/funds/vnt-management) — Series A
- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A
- ONE CREATION — Series A
- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series B
- BNP Paribas — Series B