Dutch artificial intelligence company Jungle has raised 1 million euros in financing from investor SHIFT Invest.
After the funds are raised, the startup will complete its seed round of financing with a total of 3.2 million euros. This investment will be used to accelerate the development of the jungle’s AI platform Canopy.
Using the canopy of the jungle, managers can increase the efficiency of large-scale wind and solar parks. Impending failures will be signaled in advance to prevent unnecessary downtime. Moreover, by offsetting the underlying causes of suboptimal calibration and calibration and automatic production restrictions, the energy production of wind farms can be increased.