Effective energy storage management has become a central issue for players in the energy sector. With increasing electricity demand and the rise of renewable energies, the need for efficient solutions to maximize the profitability of storage assets is intensifying. Tyba, a platform specializing in battery optimization, has raised $13.9 million in a Series A funding round led by Energize Capital.
A strategic investment for Tyba’s expansion
This new funding brings Tyba’s total investment to $18.15 million. Investors include Pear VC, Mobilize Climate Capital, and Borusan Ventures, as well as existing backers such as Powerhouse, Wireframe, Virta, and Lorimer. The purpose of this fundraising is to accelerate the development of Tyba’s optimization and forecasting technology, which is based on artificial intelligence.
With energy storage capacity growing exponentially, reaching approximately 30 GW in the United States, battery operators must navigate the complexities of electricity markets. Fluctuations in demand and evolving pricing structures require advanced tools to maximize revenues and ensure grid stability.
Technology serving storage operators
Tyba offers an automated solution capable of optimizing storage and energy deployment decisions based on market opportunities. Through forecasting algorithms and bid management, the platform enables operators to improve asset profitability without requiring constant supervision.
The company already collaborates with several major energy firms, including TotalEnergies. Its Asset Operations product facilitates portfolio management by reducing operational constraints, while its Project Simulation tool has helped model over 100 GW of projects in development and secure more than $1 billion in funding.
A rapidly evolving market
The growth of energy storage is accompanying shifts in the energy mix and increasing electricity demand. In states such as Texas and California, where grid volatility is particularly high, optimal battery management has become a key performance driver. By tripling its customer base in a year and ranking among the top 5% of storage assets in terms of performance, Tyba is positioning itself as a major player in the industry.
With this new round of funding, the company aims to strengthen its market position and offer even more advanced tools to support the rapid expansion of energy storage.
