In April, I attended an SF Climate Week panel on the ways in which artificial intelligence solutions could support the transition to net zero electricity. When the session opened for comments, I was a bit surprised that the first ten audience members confronted the four panelists with variations of the exact same pointed question: “Aren’t your data centers going to overwhelm the electric grid and ensure climate disaster?”
Halcyon Raises $10.8 Million Seed Round to Scale AI-Assisted Energy Transition Information Platform
As the world shifts to new energy sources, Halcyon’s new platform improves access to energy market data and information via LLM-enhanced search
SAN FRANCISCO, CA, April 18 - Halcyon, a leading energy transition information platform, announced today that it has raised a $10.8 million seed round co-led by Obvious Ventures and Congruent Ventures, with participation from Overture Climate VC and others.
The investment comes at an important inflection point for the global economy. The International Energy Agency estimates that the world needs $4 trillion of clean energy investment a year by 2030 in order to reach net zero greenhouse gas emissions by mid-century. Renewable energy developers, multinational corporations and federal governments are at the forefront of deploying this capital, but due to the exponential rate of growth in climate policy and legislation, they are held back by challenges in procuring the necessary information and data to inform their investments.
Halcyon’s goal is to provide faster, more comprehensive access to energy transition information.
By leveraging technology, including large language models (LLMs), Halcyon’s platform aims to help solve key challenges with information management: discovery, accessibility, verification and insight generation. The fundraise will support Halcyon’s continued work to address these challenges.
Halcyon was founded in July 2023 by CEO Bruce Falck (former Revenue Product Lead, Twitter), Chief Strategy Officer Nat Bullard (former Chief Content Officer, BloombergNEF), Chief Product Officer Jonathan Lewis (former VP Product, Stripe), and Founding Engineer Alex Huras. Collectively, Halcyon has decades of experience building hyperscale, distributed systems and deploying machine learning models at global scale. The recent advances in artificial intelligence and machine learning represent a step-change in our ability to use technology to accelerate better decision making, and Halcyon is committed to extending these benefits to the global energy market.
As a team, we’re honored and grateful to our investors, advisors, partners and early customers that share this vision.
“We’ve assembled a powerhouse team of software engineers and decarbonization experts to build technology that can help solve some of our toughest information access problems,” said Bruce Falck, CEO and co-founder, Halcyon.
“Corporate decarbonization is our best strategy to fight climate change, and it all starts with data,” said Andrew Beebe, Managing Director at Obvious Ventures. “Halcyon’s AI-driven platform will identify opportunities for clean energy generation to help us meet the world’s growing energy needs.”
“The most valuable climate data is hidden in plain sight, scattered across various hard-to-reach sources. With the right technology, all of this information can be aggregated to help provide analysis quickly to help make decisions and create better decarbonization outcomes,” said Tanuj Dutta, Partner at Congruent Ventures. “The team at Halcyon is uniquely positioned to address this challenge with the latest in AI and LLMs.”
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To join Halcyon’s waitlist, click here.
For general business inquiries, email sayhi@halcyon.eco. Media and journalists, email press@halcyon.eco
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