# raicoon

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

- Industry: Software
- Headquarters: Vienna, Austria
- Website: www.raicoon.com/en/
- Total disclosed funding: $4.2M
- Latest round: Seed (Oct 10, 2023)
- Investors on record: 1

## About

Based in Vienna, Austria, and founded in 2020 by co-founders Ralf Tschanun and Michael Edelbacher, raicoon GmbH is a designer of autonomous renewable energy systems. The company's platform utilized machine learning to increase the energy output of already existing systems. In October 2023, raicoon GmbH raised EUR 4 million in seed funding from investors PUSH Ventures, and Voltares.

The company offers an autonomous operations centre (AOC) that is designed to help solar plant owners and operators maximize their energy yield and minimize downtime. With an advanced software system, AOC utilizes fault detection technology to identify and address performance-relevant faults in solar plants. By automating the fault detection process, the AOC eliminates the need for manual analysis, resulting in faster fault resolution and a 6 per cent increase in energy yield. Furthermore, it offers full transparency, enabling plant owners to take control of their data and reduce reliance on service partners.

The company plans to use the October 2023 funding to hire more staff, enhance its product offerings, and expand its market

## Funding rounds

- Seed, Oct 10, 2023, $4.2M — PUSH Ventures

## Investors

- PUSH Ventures (https://capitalatlas.ai/funds/push-ventures) — Seed