# SMPnet

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

- Industry: Software
- Headquarters: London, UK
- Website: www.smpnetworks.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Dec 16, 2022)
- Investors on record: 1

## About

Based in London, UK, and founded in 2017, Smart Power Networks Ltd, doing business as SMPnet, operates as a software company that offers smart solutions, including AI-based energy insights for the energy sector. The company was founded by its CEO, Anastasios Rousis, and CTO, Dimitrios Tzelepis. In April 2023, SMPnet raised USD 1.4 million in seed funding led by Marathon Venture Capital. As of 2023, the company had offices in Glasgow, London, and Athens.

SMPnet provides Omega, which is a software platform that monitors and analyzes energy assets via edge computing and AI-based technologies for DER vendors and energy service companies to reduce operational costs and improve grid reliability. The platform offers multiple features and solutions, such as the optimization of substations and DER sites; feedback-based optimization tools for optimizing energy grids; integrations with cloud environments, and edge computing devices; data analytics; and many more. Its client base includes Iberdrola, Liverpool City Council, Oxfordshire County Council, Urban Future Lab, and Greentown Labs.

The company plans to use the funds raised in April 2023 to support the growing demand for its technology, expand its offering and accelerate business development across the US and Europe.

## Funding rounds

- Seed, Dec 16, 2022, $1.5M — Marathon Venture Capital

## Investors

- Marathon Venture Capital (https://capitalatlas.ai/funds/marathon-venture-capital) — Seed