Solytic provides an energy monitoring platform that uses AI to create a digital twin of PV installations and assess performance. The company focuses on automatic performance assessment through its analytical model and real-time analytics. It has operated in the German PV market since 2017 and monitors close to 200,000 independent distributed PV installations, accumulating a database of more than 50 TB. Solytic works with international brands such as Kostal and Vaillant. The new capital will be used for further product development and to build AI-based care technology for PV installations. The company plans to start operations in Poland and Western Europe and is seeking partners among companies that install and operate PV systems. Solytic is a Germany-based PV monitoring software startup that has released an online tool comparing major commercially available solar monitoring platforms. The comparison evaluates ten criteria, including platform cost per 1 MW generated annually, requirement for additional hardware, ticketing systems, configurable performance reports, error detection and interpretation, irradiation data, performance-ratio calculation, and distinction between string plan and digital twin/portfolio management. Solytic’s platform scored best in the comparison, registering the lowest platform cost per 1 MW, requiring no additional independent hardware, and offering all tracked features. Gantner’s Web Portal, Quantum’s Renewable Cloud and Synaptiq were also evaluated, with Gantner roughly 55% more expensive per MW and the others not publicly sharing per‑MW costs; Synaptiq alone was scored to offer optional string plan/digital twin distinguishment. In March Solytic secured what it described as "a medium seven‑digit sum in its Series A round," roughly $9 million, with key investments from Vattenfall, EWE and THELO Investors. Following the funding announcement the company said it plans to expand monitoring coverage from 100,000 PV plants to 1,000,000 within three years.

Total raised

$11M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2022