About Spark
Spark is a company based in United States founded in 2023 by Julia Wu and Tae Hoon Kim. It operates as a AI-as-a-Service, and Subscription Services. Spark has raised $500 thousand across 1 funding round from investors including Y Combinator. Spark offers products and services including Spark AI Workflows, Planning & Zoning Reports, and Document Diligence Tool. Spark operates in a competitive market with competitors including Aurora Solar, PVcase, OpenSolar, Solar Ladder and RatedPower, among others.
- Headquarter United States
- Founders Julia Wu, Tae Hoon Kim
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spark Systems Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Apr 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Spark
Spark offers a comprehensive portfolio of products and services, including Spark AI Workflows, Planning & Zoning Reports, and Document Diligence Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI workflows are provided for energy project analysis.
Reports on regulations and development activity are generated.
Document analysis is automated for policy extraction tasks.
Funding Insights of Spark
Spark has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Spark | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spark
Spark has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spark
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spark Comparisons
Competitors of Spark
Spark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aurora Solar, PVcase, OpenSolar, Solar Ladder and RatedPower, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered software for solar design and sales is utilized.
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| domain | founded_year | HQ Location |
Provider of solar sales and design software solutions
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| domain | founded_year | HQ Location |
Solar design and sales are enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-driven solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
Pay-as-you-go solar technology is developed for off-grid renewable energy sales.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Spark
When was Spark founded?
Spark was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Spark located?
Spark is headquartered in United States.
Who is the current CEO of Spark?
Julia Wu is the current CEO of Spark. They have also founded this company.
Is Spark a funded company?
Spark is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Apr 01, 2024.
What does Spark do?
AI-driven solutions are provided by Spark for utility-scale and distributed energy projects. Focus is placed on automating data extraction, portfolio diligence, and monitoring for renewable energy initiatives. Tools for analyzing zoning regulations, community sentiment, and permitting pathways are offered. The platform serves the solar energy sector by enhancing site selection and project planning through advanced technology.
Who are the top competitors of Spark?
Spark's top competitors include Aurora Solar, OpenSolar and Angaza.
What products or services does Spark offer?
Spark offers Spark AI Workflows, Planning & Zoning Reports, and Document Diligence Tool.
Who are Spark's investors?
Spark has 1 investor. Key investors include Y Combinator.