Munich’s Furo lands $4M for to optimise commercial battery storage with AI
Tech Funding News Sofia Chesnokova ● Covered by 2 sources
Furo, a Munich-based software startup, raised $4 million led by TQ Ventures to optimize how commercial battery storage charges, discharges, or feeds power back to the grid at industrial sites. It plans real-time control by predicting prices and weather up to 48 hours ahead, and says the approach can cut electricity costs by up to 40%. With the funding, Furo will keep developing its platform, expand to new European markets, and hire staff, while competing in an increasingly crowded software field for battery optimization.
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