Modo Energy

Modo Energy, a London-based AI-powered benchmarking and valuation platform for energy storage and renewable assets, has successfully secured a growth funding package totaling $17 million (£12.7 million) from CIBC Innovation Banking.

Summary of transaction details:

• Value: $17m (£12.7m)
• Sector: DeepTech & AI
• Advisor: Not mentioned
• Key Entities: Modo Energy (Target), CIBC Innovation Banking (Investor)
• Location: London (Modo Energy)

Note: This funding is earmarked for accelerating the evolution of Modo Energy's AI analyst, Ko, further hiring, and expanding coverage into new energy markets, reinforcing its position in the rapidly growing energy storage sector.