# Kavaken

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

- Industry: Software
- Headquarters: Istanbul, Turkey
- Website: www.kavaken.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Jun 26, 2024)
- Investors on record: 7

## About

Founded in 2022 by Bora Tokyay, Can Ozmen, and Murat Yilmaz, and based in Istanbul, Turkey, Yesil Panda Software and Consulting Inc., trading under the name Kavaken, operates as an analytics platform that provides artificial intelligence solutions for renewable energy asset optimization. In June 2024, Kavaken raised USD 1.1 million in seed funding from investors 2040VC, Founder One, Norrsken VC, Vestel Ventures, and Rockstart Enterprises. 

Kavaken provides AI-powered solutions to optimize asset management for wind turbines. Their services include predictive maintenance, which uses vibration and SCADA data to prevent component failures and revenue loss. The Power Booster service ensures maximum turbine output by analyzing power curve shifts over time. Forecast+ improves day-ahead and intraday forecasts to reduce balancing costs and operational expenses. The Outages service automates outage tracking, categorization, and reporting. The Revenue Cockpit focuses on critical revenue metrics, displaying comprehensive data for top and middle management. 

The company intends to use the June 2024 funding to expand in the European markets and advance its product development for renewable energy asset management solutions.

## Funding rounds

- Seed, Jun 26, 2024, $1.1M — Rockstart Enterprises, 2040 Ventures, Norrsken VC, Vestel Ventures, Bogazici Ventures, RE-PIE Ventures, Founder One

## Investors

- Rockstart Enterprises (https://capitalatlas.ai/funds/rockstart-enterprises) — Seed
- 2040 Ventures (https://capitalatlas.ai/funds/2040-ventures) — Seed
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed
- Vestel Ventures (https://capitalatlas.ai/funds/vestel-ventures) — Seed
- Bogazici Ventures (https://capitalatlas.ai/funds/bogazici-ventures) — Seed
- RE-PIE Ventures (https://capitalatlas.ai/funds/re-pie-ventures) — Seed
- Founder One (https://capitalatlas.ai/funds/founder-one) — Seed