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Resync Technologies, a provider of Artificial Intelligence (AI)-driven intelligent energy management solutions for smart buildings and systems with multiple sustainable energy sources, announced recently that it has raised US$2 million in Series A funding from global venture firm GGV Capital. The company had previously received seed funding from SGInnovate, August One, EntrepreneurFirst, and Prasetia Dwidharma.

The investment backs the company’s plans to innovate and develop more advanced features for its energy cloud platform, while expanding to more markets across Asia Pacific and the Middle East. Additionally, Resync is strengthening its existing operations and aims to grow its team across various functions including business development, sales, engineering as well as research and development (R&D).

Globally, governments and enterprises are embracing cleaner and more efficient use of energy to reduce carbon emissions, meet sustainability goals and mitigate the effects of climate change. For example, under Singapore’s Green Plan 2030, the country is targeting to green 80% of buildings by gross floor area and will quadruple solar energy deployment, so that solar energy deployed will be five times that of current levels by 2030.

“Together with my co-founder Dr. Jayantika Soni, we started Resync with the vision to build a unique, intelligent energy cloud that will be at the forefront of the global energy transformation. We are extremely thankful for the support shown by our investors—particularly GGV Capital who funded our Series A round—and their confidence in our work. With adoption of energy efficiency technology growing exponentially, Resync is well-positioned to drive global digitalisation and enable a more efficient, intelligent and sustainable energy future for all”, said Emir Nurov, Chief Executive Officer at Resync.

Weihan Liew, Venture Partner at GGV Capital, added, “The efficient and sustainable use of energy is the key issue of our time; we believe technology and great software will play an integral role in finding the solution. Resync’s AI-driven approach shows tremendous potential in helping commercial properties optimise across energy sources and get the most value from their spending”.

He further said, “We are excited to back determined and experienced founders like Emir and Jayantika. GGV Capital will work with them to strengthen their foothold in Southeast Asia and beyond.”

Built with a unique combination of AI and deep technical knowledge of energy systems, the cutting-edge technology from Resync delivers advanced analytics, optimised performance and energy savings for smart buildings and renewable energy assets. Resync offers smart solutions for Intelligent Buildings, Renewables, and IoT devices. The recent breakthrough from Resync’s Data Science team as part of the Non-Intrusive Load Disaggregation (NILM) approach provides a full overview of energy consumption profiles, segregated by energy appliances in real-time without the need to install any additional hardware. This approach allows households and businesses to reduce carbon footprint and save up to 30% of their monthly electricity bills.

Resync has also established partnerships with several organisations in the region, including:

• strategic partnership with Thai Digital Energy Development (TDED) to provide Smart Campus and Energy Efficiency solutions to the Chiangmai University. TDED is a joint venture between the Thai Government’s PEA ENCOM International, which is a subsidiary of Provincial Electricity Authority (PEA), and BCPG, a leading renewable energy company in Thailand and Asia-Pacific.
• A commercial partnership with Prasetia Dwidharma, a leading ICT solution provider in Indonesia, to scale Resync’s Energy Management and Efficiency solutions in the country.
• Research collaboration between Resync and the Nanyang Technological University (NTU) Singapore’s EcoLabs, a national enabler for cleantech housed and managed by the Energy Research Institute @ NTU (ERI@N), to commercialise AI-driven Non-Intrusive Load Disaggregation (NILM) technology. EcoLabs aims to build and accelerate deep-tech energy innovation capabilities in Singapore to support the nation’s future energy transition.

In addition, Resync is a recipient of a research grant, launched by the Energy Market Authority (EMA) in collaboration with Enterprise Singapore (ESG), for its project that looks to develop an AI-based automated demand-side management solution for optimal energy management, particularly for commercial and industrial applications.

Resync’s solutions are currently used across more than 150 buildings and 300 MWp of solar assets, with over 20 customers in seven markets in the Asia Pacific region.

For more information on Resync, please visit www.resynctech.com

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