This week, Singapore‘s Resync Technologies, which has developed AI-based technology for energy efficiency applications in smart buildings and structures with multiple sustainable energy sources, announced a $2 million Series A round from global venture capital firm GGV Capital. The Series A is Resync’s first since its seed round, led by SGInnovate, EntrepreneurFirst, August One and Prasetia Dwidharma.
Resync plans to put the funds toward continued innovation and the development of more advanced features for its energy cloud platform, while expanding to more markets across Asia Pacific and the Middle East. Resync notes that its new funding comes at a time when governments and enterprises globally are embracing cleaner and more efficient use of energy to reduce carbon emissions, meet sustainability goals and mitigate climate change. Among its commercial use cases is a Small Cell Tower Monitoring service that, according to Resync, enables cell tower owner-operators to manage energy usage continuously, and in real time, monitoring and controlling for different scenarios including power disruptions, generator fuel leaks and unauthorized intrusions.
“Together with my co-founder Dr. Jayantika Soni, we started Resync with the vision to build a unique, intelligent energy cloud that will be at the forefront of the global energy transformation,” Resync CEO Emir Nurov said in a comment on the round. “We are extremely thankful for the support shown by our investors – particularly GGV Capital who funded our Series A round – and their confidence in our work. With adoption of energy efficiency technology growing exponentially, Resync is well-positioned to drive global digitalization and enable a more efficient, intelligent and sustainable energy future for all.”
“The efficient and sustainable use of energy is the key issue of our time. We believe technology and great software will play an integral role in finding the solution,” GGV Capital Partner Weihan Liew said. “Resync’s AI-driven approach shows tremendous potential in helping commercial properties optimize across energy sources and get the most value from their spending.. We are excited to back determined and experienced founders like Emir and Jayantika. GGV Capital will work with them to strengthen their foothold in Southeast Asia and beyond.”
Resync’s solutions are currently used across more than 150 buildings and 300 MWp of solar assets, with over 20 customers in seven Asia-Pacific markets.
