Solar software provider Sighten closes $3.5M funding round (check out what it does)

Sighten solar software

The Sighten platform helps to connect solar companies and investors in a way that optimizes businesses and drives growth and efficiency through technology. The company is trying to offer the most advanced software toolset for solar — a comprehensive and flexible platform spanning the entire project lifecycle from initial lead to ongoing portfolio management. The platform spans the entire life cycle of a solar asset from tools that streamline origination, system design, and sales/operations to features that automate ongoing reporting and analytics. Current customers include leading tax equity investors, lenders, finance companies, developers, and installers.

For the most part, solar companies and investors have had to navigate a patchwork of solutions or build in-house tools, creating inefficiencies, increasing costs, and holding back growth. By consolidating key functionality into a single platform, Sighten allows its customers to focus on what they do best and not worry about building or integrating software.

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“The solar industry is at a turning point,” said Andrew Beebe, managing director of Obvious Ventures. “While we have seen significant advances in solar hardware, financing, and sales, software has grown more slowly and still involves horizontal tools and point solutions. A complex industry like solar benefits from dedicated software which acts as a standard platform for all parties in the value chain.”

That line of thinking led Obvious Ventures to lead a $3.5M Series A financing round for Sighten. Obvious Ventures is a venture capital firm focused on world-positive businesses building solutions to the world’s systemic challenges.

“When we got to know the Sighten team and fully grasped the scope and depth of their software, it became a very easy decision to support their growth,” Beebe said.

The investment is one of the largest in solar software to date, and enables Sighten to rapidly develop its end-to-end platform and support its growing customer base.

“We are excited to partner with Obvious Ventures and continue to help our clients succeed through technology,” said Conlan O’Leary, CEO and co-founder of Sighten. “Our team of industry veterans have decades of experience working in solar and the scar tissue to prove it. We’ve built every aspect of the Sighten toolset with specific industry challenges in mind and our partners appreciate the domain-expertise embedded in our software. With funding and counsel from Obvious Ventures, we will rapidly scale the organization to further develop our platform and continue to support our customers throughout the solar ecosystem.”

Andrew Beebe will join Sighten’s board of directors as part of the investment. Beebe was previously vice president of distributed generation for NextEra Energy and chief commercial officer at Suntech.

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