Today French startup Demand Side Instruments, a pioneer in technologies for the energy transition, announces a €3.6 million Series A, led by Gedia Energies et Services. The fresh funds will be used to accelerate the development of the company both in France and open up to international markets.
Founded in Caen in 2013, Demand Side Instruments was born through founder Frédéric Villain’s wish to apply new and emerging technologies to environmental challenges. Aware of the finite nature of the world’s natural resources, Demand Side Instruments aims to help those working in smart cities and agriculture stay one step ahead of climate change. Its bespoke innovative solutions draw on new information, engineering and communication technologies, to help its clients adapt to environmental changes and mitigate its effects.
In 2014, the startup received a first investment of €600K and was recognised on a national level with the “Creation-Development” Grand Prize as part of the national BPI competition for innovative companies. Since then, it has won the GreenTech Green Initiative competition prize, sponsored by the French Ministry of the Environment, and in 2019, it recorded a turnover of €1.5 million.
It is in this context of strong growth that Demand Side pursues its ambition to provide reliable, ergonomic and environment-friendly solutions, in a global market of several tens of billions of euros.
Philippe Rive, President of Gedia Energies & Services, states: “We are very happy to participate in the Demand Side development project. IoT solutions and DSI technologies will add additional value to our electricity and gas offerings as part of the energy transition.”
Frédéric Villain, CEO, explains: “We are delighted to welcome Gedia as an investor today, which confirms our years of partnership and the solid trust we have built over the past 6 years. This contribution will not only allow us to project Demand Side into a new dimension but also to accelerate our market expansion.”
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
