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enSights-the AI-driven platform that optimizes and manages the operations of clean energy-has completed raising $10 million in Series A funding. The investment, which was co-led by venture capital firms JAL Ventures and XT VC, will be supported by the Menomadin Foundation. The new funding will push enSights forward toward building its global influence, mainly through local headquarters in the U.S. and increased workforce for its industry professionals while also advancing its ecosystem for SaaS solutions that would streamline energy management and optimization.
Founded in 2021 by Alon Mashkovich (CEO), Roy Fadida (CPO), and Dekel Yaacov (CTO), enSights has rapidly become a market leader in the clean energy optimization sector, mainly in distributed generation. In the European market alone, the company has already managed to make significant strides and is continuously extending its influence. The platform already supports more than 6,000 clean energy assets worldwide, optimizing the daily activities of over 1.6 GWp of renewable energy capacity.
As the clean energy market grows, enSights has positioned itself as a critical player by providing a sophisticated yet user-friendly solution that optimizes energy performance. The platform integrates artificial intelligence and data analytics into real-world challenges faced by clean energy stakeholders. According to CEO Alon Mashkovich, “Over 70% of photovoltaic (PV) assets fail to meet their forecasted output, leading to substantial daily financial losses.”. This gap requires an advanced, easy-to-use platform that can help scale energy portfolios, streamline operations, and meet the increasingly complex energy demands.
The clean energy optimization market is fast-growing, and the energy management software demand is expected to increase significantly in the coming years. Based on data from the International Energy Agency (IEA) and the National Renewable Energy Laboratory (NREL), the O&M software market in the clean energy industry is expected to grow from $40–61 billion in 2023 to $67–101 billion by 2027.
JAL Ventures’ General Partner, Tal Shaked, highlighted the strategic value of enSights, noting, “We invested in enSights because it operates at the intersection of three rapidly growing sectors: solar energy, energy storage, and artificial intelligence. What impressed us about enSights was its ability to incorporate AI and data-driven insights into an intuitive platform that addresses real-world challenges. Critical success in the fast-evolving energy sector demands a modular and scalable design for a platform. Customer feedback tells that enSights is making its operations different, reducing costs and increasing efficiency in business.
XT VC’s Managing Director, Assif Stoffman, also expressed excitement about the partnership, saying, “We are thrilled to collaborate with enSights’ dedicated team, whose deep domain expertise and execution capabilities are impressive. The company’s platform is well-positioned to become the leading all-in-one solution that enhances financial, energy, and operational performance across the clean energy industry.”
This, says Merav Galili, CEO at Menomadin Foundation, is why such investment by Menomadin in enSights comes in line with its efforts towards sustainability. “With their platform, we believe enSights will make a highly lasting contribution to the renewable energy market by optimizing the management of clean energy assets.
EnSights has raised more than $12 million in funding, including in the recent Series A round and previous investments from The Big Light Renewable Energy Holdings and Kahane Group. Continuous success is a testament to the effectiveness of its platform and strong investor support.
EnSights offers a comprehensive, AI-powered SaaS platform that aggregates, monitors, and manages clean energy assets. The platform is intended to optimize business, financial, and energy performance for renewable energy stakeholders, including commercial, industrial, and utility-scale asset owners. The platform currently has a global reach across four continents, with services available to over 6,000 clean energy assets.
As enSights continues to grow, the company’s focus remains on providing renewable energy stakeholders with the tools necessary to optimize and scale their energy portfolios. The platform helps users make data-driven decisions that improve efficiency, reduce costs, and enhance financial performance. Through its combination of AI technology, renewable energy expertise, and scalable solutions, enSights is poised to become a leader in the rapidly expanding market for clean energy optimization.
