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Ravenwits
Offering wind and solar production forecasts, to implement these predictions in clients' daily operations and management tools.
About Ravenwits
Ravenwits, a company established in Madrid, Spain in 2022, operates at the intersection of artificial intelligence and the renewable energy sector. The firm originated as a university spin-off from a five-year collaborative research and development project with Red Eléctrica de España, the Spanish transmission system operator. This project's success in using Deep Learning for renewable energy forecasting was the catalyst for the company's formation. The founders, Ignacio Villanueva and Carlos E Gonzalez Guillen, both mathematicians with academic backgrounds in Machine Learning, transitioned from academia to entrepreneurship to apply these advanced analytical techniques to the electrical sector. Their initial journey involved a steep learning curve, shifting from an academic mindset to a business-oriented approach.
Read full description
The core business of Ravenwits is providing a predictive analytics platform powered by AI specifically for the renewable energy industry. The platform applies machine learning to forecast renewable energy production in real-time, helping clients optimize their output. It serves a range of clients including solar farm managers, power grid managers, energy traders, and asset managers. Ravenwits develops customized AI projects for clients, focusing on predictive, logistical, and optimization challenges. The service provides forecasts for how much energy a solar or wind farm will produce in the coming hours and days.
Ravenwits's product leverages state-of-the-art Deep Learning techniques, including convolutional neural networks and transformer architectures, built upon an AWS-based platform for reliability. By combining data from multiple meteorological providers with these advanced models, the company aims to deliver highly accurate forecasts for wind and solar energy generation. The platform is designed to be scalable and adaptable, catering to everything from large-scale solar farms to smaller self-consumption systems and refining energy demand models to account for the growing impact of self-consumption. The company has not yet received external funding.
At a glance
- Status
- Operational
- Founded
- 2022
- Headquarters
- Madrid, Spain
- Employees
- 8
- Open positions
- None listed
- Dealroom signal
- 65.3/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Wind Energy, Solar Energy, Spinout, Sustainable Development Goals, Forecasting Tool, Climate Tech, Energy Trading, Grid Technology, Renewable Energy
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | May 2026 | $275K | — | CDTI | — |
| GRANTOther financing | Jun 2023 | $0 | — | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Ravenwits is 280 monthly website visits, down 65.4% over the last three months. Ravenwits's team grew 33.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
CDTI
Other known investors1 additional known investor
Technical University of Madrid
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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