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Solar software provider Aurora closes US$250m funding round
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Sam Adeyemo and Chris Hopper, co-founders of Aurora Solar. Image: Aurora Solar.
Aurora Solar, a US-based company that has developed software to enable the remote design and sale of PV systems, has closed a US$250 million series C funding round.
Led by technology investment platform Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures and Fifth Wall, the round takes the total raised by Aurora in the last two years to more than US$320 million.
As well as helping solar professionals to determine how many modules will fit on a property, Aurora said its software can be used to forecast how much energy a PV system will produce, to calculate how many batteries are needed for backup power and to show how much money customers can save by switching to solar.