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Aurora Solar Raises $250 Million to Digitize Solar Installations
Funding Round Led by Coatue Signals Market Interest in the Growing Solar Industry
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SAN FRANCISCO, May 24, 2021 /PRNewswire/ Aurora Solar, the industry s leading software platform for solar sales and design, today announced it has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures, and Fifth Wall.
In just over two years, Aurora Solar has raised more than $320M. Today s fundraise underscores the remarkable shift to renewable energy happening in energy markets around the globe, with solar being the fastest-growing source of energy over the past decade. This growth translates into jobs by 2030, in the United States alone, the solar industry will need to grow from 230,000 to 900,000 people in order to meet President Biden s goal of carbon-free power by 2035, according
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Aurora Solar, a San Francisco, CA-based software platform for solar sales and design, closed a $250m Series C funding round.
The round was led by Coatue, with follow-on participation from existing investors Iconiq Capital, Energize Ventures, and Fifth Wall.
The company will use the funds to expand its product roadmap, continue to attract talent across all teams, expand sales and customer support, and build its leadership team.
Led by Sam Adeyemo, CRO, and Chris Hopper, CEO, Aurora Solar is a technology company that enables solar professionals to remotely design and sell solar and storage projects. In details, it enables solar companies to streamline the solar project lifecycle by making it easy to integrate disparate data sources, design accurate solar installations, and automate complex workflows. Using Aurora, solar professionals can determine how many solar panels will fit on a property, forecast how much energy the solar system will produce, calculate how many batteries ar
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