Wilson Sonsini Advises Kevala on $21 Million Series A Funding Round
- Client Highlights
On August 31, 2021, Kevala Inc., a nationwide leader in energy data and analytics, announced that it has raised $21 million in a Series A funding round led by C5 Impact Partners LP and Thin Line Capital. Additional investors included senior energy sector executives Tom Werner, current chairman and former CEO of Sunpower Corp., and Mark Ferron, former California Public Utilities Commissioner. Wilson Sonsini Goodrich & Rosati advised Kevala on the transaction.
Founded in 2014, Kevala empowers a diverse range of energy industry stakeholders to make smarter decisions involving sustainability, resiliency, and cybersecurity. The company has developed the industry’s most comprehensive and interactive cloud-based grid analytics toolbox—the Kevala Assessor Platform—powered by public utility data as well as proprietary data. Leveraging artificial intelligence on this sweeping dataset, the platform is uniquely positioned to help grid operators predict and plan for extreme weather events, renewable energy adoption, and increasing demand from vehicle, building, and industry electrification.
The Wilson Sonsini team that represented Kevala in the financing includes partner Bob O’Connor, associates Justin D’Aniello and Leslie Stolper, and senior paralegals Karen Becker and Alisa Banda.
For more information, please see Kevala’s press release.