About
Raycatch is the developer of DeepSolar, a cloud-based, fully automated AI diagnostics system that delivers a 360º view of photovoltaic plants. DeepSolar applies proprietary algorithms and deep-learning techniques to existing plant data, eliminating the noise in order to identify patterns and determine root causes.
The system provides plant owners, asset managers, and operations and maintenance teams with actionable insights and decision-making capabilities while accurately reporting the true state of the plant’s health. DeepSolar shows plant owners and operators the exact location of the plant’s performance issues and how to solve them and advises whether the repair is a worthwhile investment, all while clearly distinguishing between recoverable and non-recoverable energy sources.
DeepSolar is user friendly and platform agnostic. It integrates with existing SCADA and monitoring systems and analyzes and presents all the data in a single, unified dashboard. The system is designed to help customers effectively manage their portfolio and optimize their energy yield, thereby reducing operational costs and boosting return on investment.
Funding history · 4 rounds · $10.3M total
Company Intelligence Q&A
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- When was Raycatch founded and what is its primary focus?
- Raycatch was founded in August 2015 and focuses on AI-driven PV Portfolio Management, developing DeepSolar, a cloud-based AI diagnostics system for photovoltaic plants.
- What was the outcome for Raycatch in November 2022?
- In November 2022, Raycatch was acquired by Bladeranger for $1.5 million, leading to its inactive status.
- What was Raycatch's last known funding round before its acquisition?
- Raycatch's last known funding round was a Convertible Debt round in January 2021, raising $3 million from Clean Value Ventures.
- Which investors participated in Raycatch's Series B funding round?
- In November 2018, Raycatch secured a Series B funding round led by DSM Venturing and BayWa r.e. Energy Ventures, with participation from Maverick Ventures Israel and RIO Ventures Holdings.
- What is DeepSolar and what problem does it solve for solar plant owners?
- DeepSolar is Raycatch's cloud-based, automated AI diagnostics system that provides a 360º view of photovoltaic plants. It uses proprietary algorithms and deep-learning to identify performance issues, determine root causes, and offer actionable insights to optimize energy yield and reduce operational costs.
- What was a significant product launch for Raycatch in May 2020?
- In May 2020, Raycatch launched its DeepSolar 2.5 Diagnostics Platform.
- What was Raycatch's total funding raised before its acquisition?
- Raycatch raised a total of $10.3 million across its funding rounds before its acquisition.
- What was a notable achievement for Raycatch in June 2019?
- In June 2019, Raycatch won the Intersolar Award and released its next-generation automated AI Diagnostic DeepSolar system.