Brief

Solar Power Analytics Startup Raycatch Raises $4.5 Million

Dutch health and nutrition company Royal DSM and Munich-based renewable energy company BayWa led the round

Tel Aviv-based RayCatch Ltd., a startup developing artificial intelligence-based diagnostics and optimization software for the solar energy market, has raised $4.5 million. The round, announced Tuesday, was led by Heerlen, Netherlands-headquartered health and nutrition company Koninklijke DSM N.V., known as Royal DSM, and Munich-based renewable energy company BayWa AG. RayCatch previously raised $2.8 million.

 

Solar energy panels. Photo: Haim Hornstein