Omnidian, a US-based solar energy asset servicing company, secured $33m in a series B round backed by Congruent Ventures, the sustainability-focused fund backed by University of California, yesterday.

Activate Capital led the round, which additionally attracted insurer Liberty Mutual Insurance and Wind Ventures, the corporate venture capital unit of energy firm Copec.

National Grid Partners (NGP), Evergy Ventures and Avista Development, respective investment units of utilities National Grid, Evergy and Avista, also joined the round, as did energy supplier Centrica

City Light Capital, IA Capital, Energy Foundry and Blue Bear Capital completed the investor line-up.

Founded in 2015, Omnidian markets a machine learning-powered monitoring platform for residential and commercial solar energy systems. The software provides features such as system diagnostics and maintenance alerts.

The money will allow Omnidian to hire more staff as it seeks to bolster its solar assets under management, expand internationally and explore the monitoring of other internet-of-things-equipped energy products.

Congruent Ventures took part in a $15m series A round in 2019 that was led by IA Capital and also backed by NGP, Evergy Ventures, Avista Development, Blue Bear Capital and City Light Capital.

NGP had already invested in Omnidian as part of a round of undisclosed size in late 2018, but it is unclear whether this marked its contribution to the series A round.

Omnidian had earlier raised $5.1m in a 2017 funding round led by Congruent Ventures and featuring City Light Capital, Blue Bear Capital, Energy Foundry, Ekistic Ventures and Avista Development.

Omnidian, a US-based provider of solar energy servicing technology, secured $33m yesterday in a series B round featuring insurer Liberty Mutual, power producer Copec and energy utilities National Grid, Evergy, Centrica and Avista.

Growth equity firm Activate Capital led the round, while Copec, National Grid, Evergy and Avista invested through Wind Ventures, National Grid Partners (NGP), Evergy Ventures and Avista Development respectively.

Congruent Ventures, the sustainability-focused fund backed by University of California, also took part in the round, as did City Light Capital, IA Capital, Energy Foundry and Blue Bear Capital.

Omnidian markets a software platform which utilises machine learning to monitor residential and commercial solar energy systems, providing features such as system diagnostics and maintenance alerts.

The money will allow the company to hire more staff as it seeks to bolster the solar assets it manages, expand internationally and explore the monitoring of other internet-of-things-equipped energy products.

IA Capital led Omnidian’s $15m series A round in mid-2019, investing with NGP, Evergy Ventures, Avista Development, Congruent Ventures, Blue Bear Capital and City Light Capital.

NGP had already invested in Omnidian as part of a round of undisclosed size in late 2018, but it is unclear whether that marked its contribution to the series A round.

The company had earlier raised $5.1m in a 2017 round led by Congruent Ventures that also featured Avista Development, City Light Capital, Blue Bear Capital, Energy Foundry and Ekistic Ventures.

The original version of this article appeared on our sister site, Global University Venturing.