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
- SectorsEnergy & Utilities
- Website sparkhq.ai
- Social LinkedIn
- Legal Name Spark Systems Inc.
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Apr 2024
- Investors
Products & Services of Spark
Spark offers a comprehensive portfolio of products and services, including Spark AI Workflows, Planning & Zoning Reports, and Document Diligence Tool.
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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Apr 2024)
- Investors Count 1
All 1 funding rounds of Spark with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $500,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in Spark
Spark has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for Spark
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Spark
2 people are tracked at Spark (2 in leadership).
| Name | Role | Group |
|---|---|---|
Julia Wu | Co-Founder & CEO | Leadership |
Tae Hoon Kim | Co-Founder | Leadership |
Complete people profiles for Spark
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Spark
2 dated milestones of Spark across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Spark is founded.
- Funding First funding round of $500K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aurorasolar.com | 2013 | San Francisco, United States | $536.47M | 135 | AI-powered software for solar design and sales is utilized. | |
| pvcase.com | 2017 | Kaunas, Lithuania | $123.52M | – | Provider of solar sales and design software solutions | |
| opensolar.com | 2017 | Salt Lake, United States | $35M | – | Solar design and sales are enabled via a cloud-based platform. | |
| solarladder.com | 2021 | Mumbai, India | $2.31M | 28 | Solar sales and design software solutions are provided. | |
| ratedpower.com | 2016 | Madrid, Spain | $6.12M | – | SaaS-driven solar sales and design software solutions are provided. | |
| angaza.com | 2010 | San Francisco, United States | $33.98M | 41 | Pay-as-you-go solar technology is developed for off-grid renewable energy sales. | |
| solarmonkey.nl | 2005 | Delft, Netherlands | $5.32M | – | Software for solar system design and yield calculation is provided. | |
| eturnity.com | 2012 | Chur, Switzerland | $8.83M | – | Provider of sales and design software solutions for solar energy operators | |
| scanifly.com | 2015 | Cambridge, United States | $2.27M | – | Drone platform for solar installations using LiDAR data is provided. |
Detailed competitors of Spark
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Spark
The website of Spark (sparkhq.ai) receives about 3.9K visits a month.
- Monthly visits3.9K
▼ 31.3% vs previous month
Similar companies to Spark
10 companies that operate in the same segment as Spark (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | – | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Frequently Asked Questions about Spark
Spark was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Spark is headquartered in United States.
Julia Wu is the current CEO of Spark. They have also founded this 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 2024.
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.
Spark's top competitors include Aurora Solar, OpenSolar and Angaza.
Spark offers Spark AI Workflows, Planning & Zoning Reports, and Document Diligence Tool.
Spark has 1 investor. Key investors include Y Combinator.
Spark operates through Spark Systems Inc..