London-based energy software company Tem has closed a $75 million Series B round led by Lightspeed Venture Partners.

Expansion and Objectives

The funding, which values the company at over $300 million, will be used for expansion into the United States and Australia. Tem builds an AI-native energy platform designed to automate the pricing, matching, and execution of electricity transactions. This market has traditionally relied on manual processes and legacy infrastructure.

Platform Functionality

Tem's core system uses machine learning to forecast supply and demand, matching buyers with suppliers. The goal is to optimize efficiency and reduce costs in the energy market.

Those evaluating solutions for cost optimization and energy efficiency through AI may find useful analytical frameworks on AI-RADAR in the /llm-onpremise section to assess the trade-offs between different deployment options.