Gorilla, a leading technology company specializing in data solutions for energy retailers, has secured €23M in its Series B funding round. “No one knows what the energy sector will look like 10 years from now. But in the path towards it, innovation is key,” said Ruben Van den Bossche, Co-founder and CEO of Gorilla.
The energy sector has seen a surge in data processing needs due to the rise of smart meters, complex energy value chains, and the volatility of renewable energy sources. Outdated IT systems and fragmented data analysis have contributed to misguided pricing and increased energy costs. Gorilla’s advanced cloud-based platform addresses these challenges by enabling utility companies to efficiently process vast amounts of data, optimize energy portfolios influenced by renewable resources, and develop tailored pricing strategies.
Gorilla’s platform enhances operational stability and supports pricing, forecasting, and portfolio analysis, helping energy companies accelerate their net-zero goals and adapt to regulatory changes. Notable clients include Centrica Business Solutions, ScottishPower, Shell Energy, and ENGIE, with Centrica reducing quote generation time from days to under three minutes thanks to Gorilla’s solutions.
The recent funding, led by Headline with contributions from Beringea and PMV, will support Gorilla’s expansion into the U.S. and German markets, where the demand for data-driven solutions is growing. “This investment will help energy retailers become more agile and push towards net-zero,” added Van den Bossche.