Aachen, Germany-based battery analytics company Accure has received $8 million in a Series A funding round. The software and AI-driven solution assists manufacturers and operators in monitoring the overall health and safety conditions of a battery system throughout its lifecycle. Including this round, the company has raised a total of $10.7 million in funding.
Founded in 2020 by Dr. Kai-Philipp Kairies, Dr. Georg Angenendt, and Dr. Johannes Palmer, Accure is the result of more than a decade of the trio’s research and experimentations in battery technologies conducted at RWTH Aachen.
With a focus on safety and reliability, the Accure SaaS platform allows companies in the energy and mobility sectors to predict, and avoid, any battery failures before they happen. This potentially life-saving technology applies not only to new batteries but can also be retrofitted to existing battery systems. In so much, the Accure solution has been deployed to more than 220,000 battery systems, totaling a whopping 750+ MWh.
“We have demonstrated that we can detect incidents like battery fires before they happen. We also predict and manage issues like recalls and warranty concerns to mitigate safety risks and maximise uptime. The economic and reputational value becomes obvious to our customers,” explained CEO Dr. Kai-Philipp Kairies.
The Series A round was led by Blue Bear Capital, with existing investors Capnamic Ventures and 42CAP following on.
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