TechTaffy

tech:

taffy

FirstFuel Software Closes $10M Financing

By TechTaffy Desk

[Techtaffy Newsdesk]

FirstFuel Software,  a commercial building energy analytics company, has closed a $10 million round of financing. RockPort Capital led the round and was joined by existing investors Nth Power and Battery Ventures.

Todd Wilson (Partner, RockPort Capital): Non-residential buildings provide a massive opportunity for energy efficiency.

In addition to their work with some of the leading utilities in the U.S., FirstFuel was recently selected by the DoD’s Environmental Security Technology Certification Program (ESTCP) to demonstrate their technology and savings impact on military installations. The DoD will implement FirstFuel’s RBA platform to perform zero-touch energy performance analysis, quickly identifying opportunities to significantly reduce the more than $4 billion spent on energy per year.

Rodrigo Prudencio (Partner, Nth Power): Commercial buildings represent an enormous energy efficiency opportunity around the world and we believe FirstFuel can be the undisputed leader in this market.

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.