Raptor Maps Secures $5 Million Series A Funding

Raptor Maps Secures $5 Million Series A Funding

By Energy CIO Insights | Monday, August 31, 2020

Raptor Map’s deep expertise in building cutting-edge software has positioned its partners as the leader in the multi-billion dollar solar lifecycle management space.

FREMONT, CA: A solar software company, Raptor Maps, raises a $5 million Series A, co-led by Blue Bear Capital, Data Point Capital, and Buoyant Ventures. Notable clean energy investors, including Congruent Ventures, Powerhouse Ventures, and the Massachusetts Clean Energy Center, along with Y Combinator, are other participants involved.

Raptor Maps remediates major roadblocks for solar project finance, development, and asset management across the industry, experiencing a 49% annual growth rate over the past decade. The present approach to developing and functioning solar farms is increasingly untenable, resulting in demand for software and standardization of needed processes and documentation.

Raptor’s mission is to build software that allows the solar industry to scale. The company is on track to be the system of record, and it already serves as the source of truth that it customers rely on for collaborative decision-making. The diversity of the company’s investor base, including those that have experienced these challenges firsthand, underscores that the company cannot afford to take a reactive approach in the climate fight.

Raptor Maps has improved the project finance and asset management of over 25 GW in 35 countries. Its diverse and growing customer base includes global utility, Enel Green Power, asset owner Greenbacker Renewable Energy, construction company McCarthy Building Companies, operations and maintenance (O&M) providers QE Solar and SOLV, and publicly traded solar panel manufacturers.

Raptor Maps is building the digital operating system to coordinate and manage all activity for maximum productivity, efficiency, and safety. Raptor Maps attests that its deliverables are ten-fold more accurate, human and machine-readable, and lower cost than traditional methods. The company has built a strong reputation for its software and aerial intelligence, and it will implement this investment to build additional abilities into its state-of-the-art solar data model.

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