Details

Last Funding Type

Series B

Industries

Analytics,Computer,Machine Learning,Software

Founded date

Jan 1, 2006

Number Of Employee

11 - 50

Operating Status

Active

Invenia’s Energy Intelligence System is a cloud-based machine learning platform that uses big, high frequency data to solve complex problems in real time. Invenia currently applies its platform to optimize electric utility operations as well as electricity markets themselves.

Invenia uses its intelligence system to link forecasting, pattern recognition, and optimization together with a model of the decision-making process specific to each user. This results in a decision recommendation, which is the best answer to the problem that the user is trying to solve at any given time. For energy markets, this process involves understanding the problem from generation through transmission and finally to marketing. This simplifies operational decision making, while making use of smart grid data, and becoming more efficient as the frequency of decisions increases.