Total raised
$5.5M
Last: Series A 2020-03
Stage
Series A
Founded
2014
Headcount
1
HQ
Herzliya
Sector
Energy Tech
About
Synvertec aims to enable 100% renewable energy generation worldwide by developing algorithm-based performance and grid-stability enhancement solutions for inverter-based applications, such as solar PV, battery storage, electric vehicles, and wind.
The company’s flagship product, the Synchronverter, transforms renewable energy inverters into cutting-edge grid-stabilizing devices capable of meeting all renewable asset-owner and grid-stability needs in real time, where and when they are most needed, while creating significant economic value.
Funding history · 2 rounds · $5.5M total
2020-03
Series A
$1.5M
2014-09
Seed
$1.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Synvertec founded and what was its former name?
- Synvertec was founded in January 2014 and was formerly known as SSG Synergy.
- What is Synvertec's primary product?
- Synvertec's flagship product is the Synchronverter, which is designed to transform renewable energy inverters into grid-stabilizing devices.
- What was Synvertec's first funding round and who was a lead investor?
- Synvertec secured a Seed round in September 2014, with Horizon GreenTech Ventures as an investor.
- When did Synvertec raise its Series A funding round and who were the lead investors?
- Synvertec raised its Series A round in March 2020, with OSEG and CLP as lead investors.
- What is the total amount of funding Synvertec has raised to date?
- According to startupim data, Synvertec has raised a total of $5,485,714 USD.
- Which organization has provided grants to Synvertec?
- The IIA (Israel Innovation Authority) has provided grants to Synvertec in October 2015, June 2017, and December 2021.
- In which program was Synvertec's project with Rhombus Energy Solutions selected?
- In December 2021, the Rhombus Energy Solutions/Synvertec Synchroverter Project was selected for the Israel-U.S. BIRD Foundation Program.
- What is Synvertec's current employee count?
- Synvertec currently has 1 employee, falling within the 1-10 employee bucket.
- What is Synvertec's primary sector classification?
- Synvertec's primary sector classification is Energy Tech.
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Climate TechEnergy TransitionClean Energy GenerationEnergy TechEnergy Production & SourcesEnergy Management & Grid Integration
Technologies
Platforms & InterfacesSoftware
Target customers
Energy, Utilities & Waste ManagementUtilitiesElectricityRenewable Energy SystemsSolarWind
Business model
B2GB2B
Highlights
1 PatentsVerified
Tags
panel-performanceclimate-techsolar-energyelectric-powerpower-gridsrenewable-energyenergy-efficiencysmart-gridenergytechoff-gridenergyalgorithmselectric-utilitiesphotovoltaicswind-powersmart-cityagricultureenergy-savingsaasenergy-storagesoftware-applications