What does REplace do?
REplace is an AI-powered platform that leverages proprietary algorithms to quickly identify optimal sites for renewable energy and data center projects. The platform helps developers and investors by reducing timelines, cutting costs, and enabling instant go/no-go decisions based on comprehensive real estate and permitting data.
How much did they raise?
The company raised $2.1M in a Seed round led by Gravity Climate, with participation from Adam/a, Techstars, and Malbec Ventures. This funding builds on a previous raise of $1.6M, bringing total investment to approximately $2.175M.
What are their plans for the money?
With the new funding, REplace plans to grow its engineering team, deepen its presence in the U.S., and expand its AI capabilities in land and M&A. These efforts aim to accelerate the deployment of renewable energy projects and enhance data center development, thus driving a faster transition to clean energy.
What have they achieved so far?
REplace has already made significant strides by compressing project siting timelines from months to seconds. Its platform is trusted by industry leaders like Iberdrola and EDF Renewables, setting a new standard for efficient and low-risk renewable energy development.
