Veos AI, a startup in the field of artificial intelligence applied to the energy transition, announced today that it has signed a EUR 2 million convertible loan with Veos SpA, the holding company of Veos Group.

The funds provided will enable Veos AI to accelerate the commercialization of its innovative products, including Digiwatt, the artificial intelligence-based software for the energy management of commercial buildings and houses.

With these important resources, Veos AI will be able to strengthen its team, expand its customer base, and invest in marketing activities. The goal is to make Digiwatt the standard solution for companies and households wishing to optimize energy consumption and reduce the environmental impact of their buildings and homes.

“We are excited about this new chapter in the Veos AI story”, said Simone Geravini, CEO of Veos AI. “This financing is a strong confirmation of the potential of our products and our vision. With the support of Veos Group, we are poised to rapidly scale the market and become a benchmark for artificial intelligence digital solutions in the energy efficiency sector.”

Massimo Orlandi, Chairman of Veos Group, added: “We are convinced that Veos AI has all the credentials to become a standard in the industry.
The investment in Veos AI is part of our strategy to support innovation and energy transition with digital tools and artificial intelligence.”

About Veos AI – www.veos.ai

Veos AI, founded in 2020, is a startup that develops artificial intelligence-based algorithms and software for energy transition.

Its Digiwatt software (www.digiwatt.energy) enables the monitoring and optimization of energy consumption in real-time, identifying opportunities for savings and reducing environmental impact.

About Veos Group – www.veosgroup.it

Veos Group is a leading Italian industrial group in the energy sector, with a long experience in energy management, technologies for decarbonization, energy efficiency, and circular economy.

For more information:

press@veos.ai