Stem
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Stem

http://www.stem.com/
Last activity: 05.08.2024
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Categories: AnalyticsBatteryCommerceEnergyTechEnterpriseInfrastructureMarketPlatformSmartStorage
California-based, Stem, Inc. provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimise energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, carbon reduction and environmental responsibility.
Magnesium Capital invested in Stem in 2018 alongside other leading investors including Activate Capital, Ontario Teachers’ Pension Plan and Temasek. In April 2021, Stem completed a business combination with Star Peak Energy Transition Corp. to create the first publicly-traded pure-play smart energy storage company and resulting in over $600 million in gross cash proceeds to Stem. Stem began trading on the New York Stock Exchange on April 29, 2021 under ticker symbol “STEM.”
Stem is a great example of a company whose technology is supporting the transition to a distributed, digitised and decarbonised electricity grid.
Website visits
54K /mo.
Mentions
60
Location: United States, California, San Francisco
Employees: 501-1000
Total raised: $406.11M
Founded date: 2009

Investors 6

Funding Rounds 8

DateSeriesAmountInvestors
21.09.2021-$34.61M-
26.07.2018-$179.3M-
24.01.2018Series D$80M-
25.05.2016-$15M-
13.08.2015Series C$45M-
07.01.2015-$27M-
02.12.2013Series B$15M-
11.04.2012Series A$10.2M-

Mentions in press and media 60

DateTitleDescription
05.08.2024Her Side Hustle Landed in Costco and Made $3 Million Last Year Even Though She 'Didn't Know Anything About Running a Business' Lauren Chew, founder and CEO of Love+Chew, set out to "change our br...This Side Hustle Spotlight Q&A features Lauren Chew, founder and CEO of plant-based cookie brand Love+Chew. In 2023, Chew scaled her business from $1 million to $3 million and is on track to bring in $5 million to $6 million this year, ...
11.09.2023Stem launches AI-driven application to better manage clean energy assetsStem launches AI-driven application to better manage clean energy assets By SB Staff September 11, 2023 " class="author-button">View Profile Stem has introduced its new Athena PowerBidder Pro application to help energy pro...
11.07.2023Stem Supporting Commercial Operation of 304MW DC Solar Power Plant in HungaryAthena Platform and SCADA solution monitoring and optimizing the country’s largest PV power plant Stem, a global leader in artificial intelligence (AI)-driven clean energy software and services, announced that its award-winning solar monito...
26.06.2023Stem’s Athena Named “Best Predictive Analytics Platform” by AI BreakthroughPrestigious International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies Stem, a global leader in artificial intelligence (AI)-driven clean energy solutions and services, announced that its Athena plat...
05.11.2022Daily AI Roundup: Biggest Machine Learning, Robotic And Automation Updates 5th November 2022This is our AI Daily Roundup today. We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence (AI), Machine Learning, Robotic Process Automation, Fintech, and hu...
04.11.2022Stem Ranked #1 for Innovation in Renewable Energy and Battery Storage OptimizationAthena AI platform recognized as “a top software solution with a track record of delivering tangible, high-value ROI” Stem, a global leader in AI-driven clean energy solutions and services, announced that Frost & Sullivan ranked Stem as...
02.03.2022Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021Arjun Joshi Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology...
25.01.2022This Stem Cell Manufacturing Startup Just Raised An $80 Million War Chest To Revolutionize MedicineNabiha Saklayen, CEO and co-founder of Cellino Cellino
13.01.2022Here Comes The Sun: How Software Makes Solar Energy More ProfitableThe first wave of solar innovation was focused on getting costs down. Now, the industry must look to software and automation to unlock the next phase of growth. My team at Energize Ventures is doing a lot of work on this space and we wanted...
25.11.2021Dutch stem cell biotech Neuroplast secures € 10 million (US$ 11.5 million) in Series B funding for further development of its transformative stem cell therapy for Traumatic Spinal Cord InjuryGeleen, The Netherlands, 17 November 2021 ® Annually, approximately 29,000 people across Europe and the USA suffer from acute Traumatic Spinal Cord Injury (TSCI), for which effective treatment is currently unavailable. Patients usually ...
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