Omnidian, provider of residential, commercial and industrial solar system performance plans and performance guarantees, announced that it has secured a $33 million Series B capital raise.
The round was led by Activate Capital. Additional round participants included Liberty Mutual Insurance and WIND Ventures, the strategic venture capital arm of Chilean multinational energy firm Copec, as well as existing investors City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry and Blue Bear Capital, the statement said
Omnidian operates software platforms that monitor the performance of solar power assets for more than 80 corporate customers, including developers, utilities, financial organizations and corporations. Omnidian also manages assets for thousands of homeowners.
“This successful raise is a validation of what Omnidian has accomplished over the past four years. Residential and commercial solar are moving into mainstream adoption and with that comes demand for a higher level of service and assurance that a customer’s system is operating as expected,” said Mark Liffmann, founder and CEO of Omnidian.
Our new capital partners share our vision of providing solar energy customers with a lower cost of ownership, less risk and a transformational customer experience. The capital will also enable expansion into new asset classes including energy storage, EV charging and HVAC, he added.
“Omnidian is a vital technology for the energy transition making the adoption of distributed energy resources like solar easier for homeowners and businesses,” said Raj Atluru, Managing Director, Activate Capital.
“The renewables industry has spent the last two decades investing trillions of dollars into clean energy generation. Omnidian’s intelligent asset management platform treats these IoT connected assets as critical infrastructure, ensuring the rapid adoption of renewable generation and the resiliency of our grid,” added Eric Meyer, Vice President.