# Fischer Block

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fischer-block

- Industry: Software
- Headquarters: West Chester, US
- Website: www.fischerblock.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Jun 1, 2017)
- Investors on record: 3

## About

Fischer Block, Inc. specializes in advanced artificial intelligence and deep learning solutions for the energy and power systems industry, focusing on predictive analytics to enhance asset performance and reliability for clients.Founded in 2014, Fischer Block, Inc. operates from West Chester, US. The company develops predictive analytics tools that integrate high-resolution data with SCADA data to create deep learning models for the energy sector. The CEO, Greg Wolfe, leads the company, which has successfully completed 5 deals with the most recent one being a Series A funding round of USD 3.480 mn in September 2018, totaling the amount raised to USD 3.480 mn.Fischer Block, Inc. specializes in advanced artificial intelligence (AI) and deep learning solutions tailored for the energy and power systems industry. The company's primary focus is on developing predictive analytics tools that utilize high-resolution data alongside existing SCADA data to construct initial deep learning models. This approach enhances traditional asset performance data streams and improves the detection and prediction of asset failures, thereby optimizing performance and reliability for clients in the energy sector. Their services cater to a diverse client base, including energy providers, utility companies, and infrastructure operators across North America and Europe. By incorporating their proprietary h2RS™ dataset into predictive models, Fischer Block aims to provide insightful solutions for better resource management and sustainability.Fischer Block primarily generates revenue through B2B transactions in the energy sector, utilizing a subscription-based model for its predictive analytics services. Clients engage with Fischer Block to access advanced AI tools that enhance operational efficiencies and mitigate failure risks in power systems. These engagements often include multi-year contracts where customers pay for access to proprietary tools and insights, including the flagship h2RS™ dataset. The company’s pricing structure reflects the value of its high-resolution data and AI capabilities, fundamental for optimizing asset performance and ensuring sustainability in energy management. Through fostering long-term relationships with clients, Fischer Block positions itself as a strategic partner in the evolving power industry.Fischer Block, Inc. aims to enhance its product offerings with new predictive analytics tools projected for release by late 2023. The company is also looking to expand its market presence into Europe and Asia by 2024. The recent Series A funding of USD 3.478 mn will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Seed, Jun 1, 2017, $0.2M — SRI Capital
- Seed, Aug 1, 2015, $0.2M — Astia Angels
- Seed, Oct 1, 2014, $0.1M — Ben Franklin Technology Partners

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed
- Astia Angels (https://capitalatlas.ai/funds/astia-angels) — Seed
- SRI Capital (https://capitalatlas.ai/funds/sri-capital) — Seed