As global energy demand continues to surge, the need for scalable and efficient energy solutions has never been more pressing. From AI-powered data centers to expanding urban infrastructure, the world is racing to meet rising power requirements while ensuring sustainability remains a priority. In response, solar energy technology startup Terabase Energy is stepping up to bridge the energy gap. The company offers an interconnected digital and automation platform designed to reduce costs and streamline large-scale solar projects.
Terabase announced Thursday that it has raised $130 million in funding, led by SoftBank. This marks the largest funding round in the company’s history, bringing its total capital raised to $200 million. The company did not disclose its valuation.
The new funding will help accelerate Terabase’s efforts to transform the renewable energy sector, reducing costs and shortening construction timelines. As energy demand continues to rise, particularly from AI data centers, these innovations are crucial in making solar power more efficient and accessible.
Matt Campbell, CEO of Terabase, said, “SoftBank Vision Fund’s investment reflects our shared commitment to leveraging advanced technology to drive the future of renewable energy. This funding validates our mission and provides the resources to scale our platform, paving the way for the terawatt era of solar.”
Terabase Energy’s Vision for Terawatt-Scale Solar
While solar and energy storage accounted for 84% of new electricity generation added to the U.S. power grid last year, the sector still faces challenges. Government policies increasingly favor fossil fuels, complicating the growth of solar initiatives.
“The rise in energy demand, especially from AI data centers, highlights the urgency for scalable, sustainable solutions,” said Kentaro Matsui, managing partner at SoftBank Global Advisers.
Terabase’s platform helps solar plant developers, engineers, and construction firms automate and digitize their workflows. A significant portion of the new funding will be used to further develop Terafab, Terabase’s robotics-assisted assembly line. The company claims Terafab will speed up construction and alleviate workforce constraints.
In addition to assembly, Terabase offers PlantPredict, a solar modeling software, and Construct, a construction management platform. Together, these tools aim to streamline the entire solar project lifecycle from planning to completion.
SoftBank, known for investing in early-stage tech companies, contributed to this round through its Vision Fund 2. Other existing investors include Breakthrough Energy Ventures, Fifth Wall, SJF Ventures, and EDP Ventures.
As energy demands rise and the need for sustainable solutions grows, Terabase’s recent funding could accelerate the transition to cleaner, more efficient energy alternatives.
