What is Fast?
Fast, formerly known as Advanced Microgrid Solutions (AMS), specializes in energy analytics and management. The company offers a sophisticated platform designed to optimize energy consumption for large commercial and industrial users, as well as utilities. Their proprietary Armada platform leverages real-time data to generate customized energy profiles, identifying opportunities for cost savings and revenue generation through advanced energy storage and load control technologies. Fast collaborates with leading technology providers to deliver tailored solutions that meet specific client needs, aiming to enhance efficiency and reliability in energy operations. The company's focus on innovation and deep industry expertise positions it as a transformative force in making the energy landscape cleaner, more affordable, and dependable.
How much funding has Fast raised?
Fast has raised a total of $63.8M across 6 funding rounds:
Debt
$1M
Multiple Rounds
$26.1M
Series B
$34.7M
Debt
$2M
Debt (2014): $1M, investors not publicly disclosed
Debt (2015): $1.3M, investors not publicly disclosed
Series A (2015): $18.8M supported by DBL Partners and Engie SA
Private Equity (2015): $6M featuring Engie SA
Series B (2017): $34.7M backed by DBL Partners, Southern Company, Macquarie Capital, AGL, and Energy Impact Partners
Debt (2020): $2M with participation from PPP
Key Investors in Fast
DBL Partners
DBL Partners is a venture capital firm focused on growth companies, with a strong emphasis on clean tech and sustainability-oriented products and services. They aim for a double bottom line, seeking both financial returns and positive regional environmental and economic development.
Southern Company
Southern Company is a U.S.-based energy holding company providing electricity and natural gas services, involved in power generation, transmission, distribution, and renewable energy projects.
Energy Impact Partners
Energy Impact Partners is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future, collaborating with innovators and major energy companies.
What's next for Fast?
The recent major strategic investment indicates Fast is likely in a scaling or expansion phase, moving beyond initial development. This capital infusion is expected to fuel further technological advancements, market penetration, and potentially strategic partnerships. The company's focus on energy analytics and management aligns with global trends towards grid modernization, renewable energy integration, and enhanced energy efficiency, suggesting a strong trajectory for growth and influence within the energy technology sector.
See full Fast company page
