Terabase, a Berkeley, CA-based supplier of digital and automation options for utility-scale solar energy, raised $130M in Collection C funding.
The spherical was led by SoftBank Imaginative and prescient Fund 2, with participation from each current and new strategic traders.
The corporate intends to make use of the funds to speed up the deployment of its applied sciences for big photo voltaic initiatives.
Led by CEO Matt Campbell, Terabase Vitality improves the digitalization and automation of utility-scale solar energy crops. Its platform, combining AI, software program, automation, SCADA, and plant controls, delivers environment friendly, and cost-effective renewable power initiatives worldwide.
Terabase’s platform combines robotics, AI, and a complete digital ecosystem. The funding will largely assist the manufacturing scale-up of its robotics-assisted meeting line, Terafab™. Having already demonstrated its effectiveness by putting in 40 megawatts throughout a number of industrial initiatives within the U.S., the next-generation Terafab is about to deploy a whole lot of megawatts of photo voltaic via 2026.
Buyers to this point embrace SoftBank Imaginative and prescient Fund 2, Breakthrough Vitality Ventures, Prelude Ventures, Fifth Wall, SJF Ventures, and EDP Ventures.
FinSMEs
13/03/2025
