SYSO closes $7 million Series B extension

Developer of a renewable energy and storage asset management platform SYSO Technologies announced the completion of a $7 million Series B extension, bringing total funding in the round to $15.5 million. The round was led by Kimmeridge through its Kimmeridge Carbon Solutions strategy, with participation from New Energy Capital and a new investment from MassMutual Ventures .

Since the initial Series B close in August 2024, SYSO says it has more than doubled its platform to over 4.5 gigawatts under management across 300+ sites, spanning all major U.S. ISO/RTO markets and expanding into Canada.

“Completing the Series B extension reflects the progress our team has made executing on the strategy we outlined to our investors. We’ve scaled our operations meaningfully, expanded the assets we support, and strengthened our ability to help clients navigate increasingly complex market and regulatory environments.” – Nick Speyer, Co-Founder and CEO of SYSO.

“MassMutual Ventures has been impressed with SYSO’s technical depth and their ability to scale into new energy markets. As the grid becomes strained with the ramping power consumption driven by data centers and AI, SYSO is well-positioned as a mission-critical operator of storage and renewable assets. We’re thrilled to join the round and support their growth as they build a more resilient, modernized energy ecosystem.” – Charles Svirk, Partner at MassMutual Ventures.

“SYSO continues to demonstrate disciplined execution and operational maturity as power markets evolve. The company’s growth in assets under management and expanding operational capabilities reinforce our conviction in the business and the strategy we backed at the time of our initial investment.” – Henry Makansi, Managing Partner and Co-Founder of Kimmeridge.

“We invested in SYSO as their Series A investor, and we’re excited to be part of the Series B. The market opportunity for SYSO is growing exponentially and SYSO is the clear leader in their space.” – Patrick Fox, Partner at New Energy Capital.