# Folsom Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/folsom-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.folsomlabs.com
- Total disclosed funding: $1M
- Latest round: Angel (Apr 22, 2015)
- Investors on record: 2

## About

Folsom Labs is a software company focusing on the development of innovative solutions for the solar energy sector, providing tools that enhance project efficiency and design precision.Founded in 2011 in San Francisco, US, Folsom Labs specializes in commercial solar software. The company was acquired by Aurora Solar Inc. in August 2021, which was part of a strategy to enhance solutions for teams in residential and commercial solar sectors. The firm was co-founded by Paul Gibbs, who has a background in solar technology, and it has raised a total of USD 1.00 mn through 3 funding rounds, with the most recent round being a Grant of USD 0.30 mn in August 2021.HelioScope, a product of Folsom Labs, specializes in commercial solar software, providing a robust design tool that optimizes solar project workflows. It allows users to make real-time design adjustments to maximize return on investment (ROI) with accurate layouts and performance simulations. The software enhances efficiency for system designers, installers, and inspectors, catering to a diverse clientele in North America and Europe, primarily in the commercial and industrial sectors.HelioScope operates on a subscription-based revenue model, enabling clients to access its software through tailored pricing tiers that suit various business needs in the commercial solar sector. The firm generates consistent revenue through annual subscriptions, providing its design software which includes performance reports and layout iterations that assist clients in decision-making, thereby fostering long-term relationships with a wide range of customers.Folsom Labs aims to leverage its acquisition by Aurora Solar to enhance its product offerings and expand into new markets. The acquisition will facilitate the development of new products designed specifically for solar firms, anticipated to roll out in the near term. Additionally, Folsom Labs plans to target expansion into emerging markets within the solar sector as part of its growth strategy. The recent funding will support these initiatives, aligning with Aurora's objectives to deliver comprehensive solutions across residential and commercial solar installations.

## Funding rounds

- Angel, Apr 22, 2015, $1M — Firelake Capital Management, Kokosing Capital

## Investors

- Firelake Capital Management (https://capitalatlas.ai/funds/firelake-capital-management) — Angel
- Kokosing Capital — Angel