Stem, Inc.
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Stem, Inc. - overview
Established
2009
Location
San Francisco, CA, US
Primary Industry
Environmental Services
About
Stem, Inc. is a US-based company specializing in AI-driven clean energy solutions, providing innovative software and services to optimize the deployment and operation of renewable energy assets globally. Founded in 2009 in San Francisco, US, Stem, Inc. focuses on clean energy technologies.
The company has undergone strategic pivots to enhance its service offerings. Larry Hayes is recognized as the founder. As of June 1, 2022, Stem raised GBP 3. 6 million in a funding round led by Daily Mail and General Trust, marking a significant investment target for the company.
The total amount raised to date is GBP 3. 6 million. Stem, Inc. offers AI-driven clean energy solutions, with key products such as the PowerTrack™ Asset Performance Management system and the Athena® enterprise platform.
These solutions help clients plan and manage their clean energy assets, catering to over 16,000 customers worldwide, including project developers, utilities, and energy traders, across regions like North America, Europe, and Asia. Stem generates revenue through subscription models and service agreements primarily in a B2B context. Their flagship offerings, including PowerTrack™ and Athena®, are provided under multi-year contracts encompassing installation, support, and updates. The company may negotiate performance-based agreements linked to efficiency improvements, reinforcing long-term partnerships with clients.
Following a recent venture funding round on June 1, 2022, where Stem, Inc. raised GBP 3. 6 million, the company plans to utilize these funds to drive product development and market expansion. The focus will be on enhancing existing platforms and launching new offerings.
Additionally, Stem aims to expand its presence in international markets, specifically targeting Europe and Asia for growth initiatives.
Current Investors
Starwood Energy Group Capital, Temasek Holdings, Ontario Teachers' Pension Plan
Primary Industry
Environmental Services
Sub Industries
Power Generation Equipment & Services, Green IT
Website
www.stem.com
Verticals
Clean Technology, Cloud Computing
Total Amount Raised
Subscriber access only
Stem, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | AlsoEnergy, Inc. | - |
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Stem, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Of Directors | BM |
BM Board Member
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