Tem has built a transaction engine that uses artificial intelligence to optimize electricity trading and cut costs for participants in energy markets. The platform aims to make electricity markets more efficient by using AI to predict supply and demand patterns and execute trades accordingly.
The funding will support Tems expansion beyond its initial markets into the U.S. and Australia, where deregulated electricity markets and growing renewable energy penetration create opportunities for AI-driven optimization.
Lightspeed led the round, with the investment reflecting growing venture capital interest in the intersection of AI and energy infrastructure.