Startup Profile
Etalytics

Introduce yourselves

Tell us in three sentences who you are

We are Etalytics, a pioneer in the field of data-driven energy intelligence. With our groundbreaking AI technology, we are revolutionizing energy system analysis and optimization for industrial companies. Our etaONE® platform serves as a comprehensive analysis and control tool, specifically geared towards the energy efficiency of cooling, heating and ventilation systems.

What challenge does your startup address and how did the idea for it come about?

Despite pressure from rising energy costs and increasing sustainability requirements from politicians, investors and customers, industry continues to waste almost 50% of the energy it uses. The complexity of industrial energy systems makes efficient operation by human operators during dynamic day-to-day operation a challenge. Our research at TU Darmstadt, conducted in cooperation with industry partners, has shown that AI-powered solutions have the potential to manage this complexity and significantly increase system efficiency. These technologies enable data-driven optimization and make a significant contribution to energy efficiency.

Can you briefly explain how your solution operates and to what extent AI supports this solution?

Our solution, etaONE®, uses AI and data analysis to optimize energy management. AI analyzes real-time data, identifies patterns and enables accurate forecasting. This supports the adjustment of energy consumption and procurement in real time to reduce costs and increase sustainability.

In which business sectors and industries do your solutions add the most value and have they already been used in practice?

Our solutions can be used in a wide range of industries with significant energy requirements, including data centers, the automotive and pharmaceutical industries. They have already proven themselves in practice and offer the greatest added value in companies with complex energy supply systems (cooling, heating, ventilation).

How do you plan to grow your startup in the next 1-2 years?

Within 3.5 years, we have grown to 35 employees, are currently scaling our sales and are planning the next growth spurt with a Series A at the end of 2024/beginning of 2025.

What is the role of etalytics in the context of the energy transition and the growing demand for efficient energy management?

The role of etalytics in the context of the energy transition is of central importance. At a time when energy efficiency and sustainability are becoming increasingly important, we strive to support companies in achieving these goals and have a positive impact on the energy transition.

As a start-up accelerator, AI Startup Rising offered support in a variety of ways. Through various workshop formats, topics such as investor readiness, employee recruitment, decision-making within the company and aspects of the customer journey were addressed. This support has helped to strengthen the respective areas and promote the growth and development of the company.

Etalytics