Versiro builds AI-driven decision-support software that processes large amounts of data and a fundamental model of power systems to deliver continuous, near–real-time, risk-adjusted trading strategies tailored to a producer’s production and risk profile. The founders developed the technology from doctoral research at the Norwegian University of Science and Technology into a system intended to handle uncertainty from intermittent renewables. Versiro’s solution aims to reduce imbalances in the power system while increasing producers’ revenue (chairman Jørgen Kildahl said it can increase income by as much as ten percent). The company already has a foothold in Norway and plans to roll out its solutions across the rest of Europe. Versiro was founded in 2022 by Simon Risanger and Markus Löschenbrand, who remain among the company’s largest owners. The business recently completed a financing round that supports its expansion plans and ownership structure.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2024