German battery-analytics software developer ACCURE has completed a $7.8-million investment round that was led by Blue Bear Capital and HSBC Asset Management and also included Riverstone Holdings and Capnamic Ventures.
ACCURE plans to use the funding to accelerate its growth and the development of predictive analytics software designed to enhance battery safety, performance and longevity for energy storage. ACCURE says its software currently supports more than 2.6 GWh of storage. It will be used in EVs and other applications across the energy, EV, transit, marine, insurance and other industries.
The company’s predictive analytics platform uses AI, field data and modeling to detect irregular battery cell behavior and provide a third-party view of battery health. It is designed to give fleet operators and energy storage providers added control and lead time to help address issues and prevent incidents, including battery fires.