AI & Enterprise
Tem raises $75 million to expand AI-based electricity trading platform
AI-based electricity trading platform Tem has raised $75 million in a Series B funding round, TechCrunch reported on Monday. Lightspeed Venture Partners, AlbionVC, Atomico and Hitachi Ventures participated. Tem operates a marketplace that connects electricity producers and consumers. It focuses on lowering electricity bills by reducing brokerage costs through its AI-based trading engine, Rosso, Chief Executive Joe McDonald said.
