Terabase Energy is a technology company.
Terabase Energy has raised $75.0M across 3 funding rounds.
Terabase Energy has raised $75.0M in total across 3 funding rounds.
Terabase Energy has raised $75.0M in total across 3 funding rounds.
Terabase Energy's investors include BDC Venture Capital, Chrysalix Venture Capital, Prelude Ventures, Aglae Ventures, AirAngels, Breakthrough Energy Ventures, FJ Labs, Lowercarbon Capital, Otherwise Fund, Serena Ventures, Seven Seven Six, Sherpalo Ventures.
Terabase Energy is a solar technology company that builds an interconnected digital and automation platform to reduce costs and accelerate deployment of utility-scale photovoltaic (PV) power plants.[1][2][4] It serves solar developers, engineering, procurement, and construction (EPC) firms, and operators by solving scalability bottlenecks in construction, design, modeling, and operations, enabling faster builds of massive projects needed for global decarbonization.[1][2][5] Key products include PlantPredict (cloud-based energy modeling tool with over 3 terawatts simulated across 30,000+ projects), Construct (construction management software supporting 16 GW of projects), Terafab (construction automation), and SCADA/power plant control solutions (supporting 10 GW).[2][5] The company shows strong growth momentum, with $25M raised in funding, software adopted on over 5 GW of projects initially (now expanded), revenue estimated at $50M-$100M, and 201-500 employees.[2][3][5]
Founded in 2019 in Berkeley, California, by six former SunPower veterans—Matt Campbell (CEO), Chris Baker, Amine Berrada, Dan Cohen, Pierre Gousseland, and Thang Le—Terabase emerged from the founders' decades of experience in solar since the mid-2000s.[1][3][4] This team had led early complex utility-scale projects, spanning origination, development, construction, manufacturing, and operations across dozens of gigawatts worldwide.[1][4] The idea crystallized around the challenge of scaling from the world's first terawatt of solar (built over 50 years) to 50 more terawatts by 2050 for net-zero goals, addressing soft-cost inefficiencies in increasingly massive projects.[1][4] Early traction came via software like PlantPredict (surpassing 2.8 TW simulations) and Construct, plus investments from firms like SJF Ventures and EDP Ventures, fueling automation expansions.[2][4]
Terabase rides the terawatt-scale solar boom, where solar drives renewable growth but faces infrastructural limits in building 50 TW by 2050 for decarbonization and net-zero emissions.[1][2] Timing aligns with surging project sizes, global clean energy mandates, and needs for green hydrogen, amplified by market forces like falling hardware costs but sticky soft costs (development, construction).[4] Its digital/automation tools counter labor shortages, remote-site challenges, and efficiency gaps, boosting industry capacity—e.g., faster EPC in nascent markets.[2][4] By enabling cheaper, quicker PV deployment, Terabase influences the ecosystem, supporting investors like Fifth Wall and accelerating the shift from fossil fuels while aiding allied tech like storage and hydrogen.[2][4]
Terabase is poised to dominate utility-scale solar digitization as projects balloon and automation becomes essential for terawatt ambitions.[1][5] Next steps include scaling Terafab hardware post-$25M raise, expanding SCADA adoption beyond 10 GW, and pushing toward $0.01/kWh via AI-enhanced modeling and global partnerships.[2][4] Trends like AI integration, green hydrogen synergies, and policy-driven solar mandates (e.g., net-zero by 2050) will propel growth, potentially capturing more of the 50 TW pipeline amid labor and supply constraints.[1][4] Its influence could evolve from software leader to full-stack enabler, transforming solar into the cheapest energy source and reshaping decarbonization economics—echoing its founding mission to make terawatt-scale builds routine.[1][2]
Terabase Energy has raised $75.0M across 3 funding rounds. Most recently, it raised $25.0M Venture Round in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $25.0M Venture Round | BDC Venture Capital, Chrysalix Venture Capital, Prelude Ventures | |
| Aug 1, 2022 | $44.0M Series B | Aglae Ventures, AirAngels, BDC Venture Capital, Breakthrough Energy Ventures, Chrysalix Venture Capital, FJ Labs, Lowercarbon Capital, Otherwise Fund, Prelude Ventures, Serena Ventures, Seven Seven Six, Sherpalo Ventures, Social Capital, Sweet Capital, Unruly Capital, World Fund, Azeem Azhar, Claire Hughes Johnson, James Beshara, Manu Ginobilli, Marcos Galperin, Sahil Lavingia, Scott Belsky, Seth Goldman, Tobias Lutke | |
| Sep 1, 2020 | $6.0M Series A | Powerhouse Ventures |