ACCURE, a software and AI battery analytics company based in Aachen, Germany, has received $8 million in Series A funding from Blue Bear Capital, Capnamic Ventures and 42CAP.
ACCURE’s software is designed to empower battery manufacturers and operators to monitor battery health and safety in real time throughout an asset’s life cycle, enabling companies to predict safety incidents before they happen and optimize performance in the field without technical modifications or physically touching the assets. Today, more than 220,000 battery systems representing over 750 MWh worldwide are under ACCURE’s management.
“We have demonstrated that we can detect incidents like battery fires before they happen. We also predict and manage issues like recalls and warranty concerns to mitigate safety risk and maximize uptime,” says ACCURE CEO Dr. Kai-Philipp Kairies. “ACCURE Cloud is like Google Analytics for batteries. Without disrupting any of our customers’ physical operations, we ingest the data provided by each battery and analyze it.”
“We believe that ACCURE’s team has the right experience to help asset owners protect billions of dollars of systems in the field across the globe. Thanks to its SaaS solution that can easily be retrofitted to any battery system, ACCURE is scaling quickly at the right point in time to shape this market,” said Dr. Carolin Funk, Partner at Blue Bear Capital.