Artemis, formerly known as Monalee, announced that it has raised $6 million in financing to expand its AI-powered platform designed to streamline distributed energy deployment. The round was co-led by Long Journey Ventures and Copec WIND Ventures, with participation from Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures, Palm Tree Crew, and Scott Banister.
The Houston-based company is developing what it describes as an operating system for distributed energy, enabling solar and battery installers to design, sell, and finance projects through a single integrated platform. The software integrates AI-driven design, embedded financing, and compliance automation to significantly reduce the time required to quote and complete residential energy projects.
Residential solar and battery installations often require multiple disconnected tools and can take days to generate quotes and more than 100 days to complete. Artemis says its platform compresses the design process from days to seconds, while also lowering software costs and increasing sales conversion rates for installers.
The company initially launched in 2019 as Monalee, operating as a vertically integrated solar and battery installer. During that time, the team built internal AI tools to navigate utility requirements and permitting processes nationwide. In 2024, those systems evolved into Artemis, a standalone software platform focused on supporting installers rather than competing with them.
Artemis positions its platform as a unified solution that combines project design, sales workflows, financing, and operations and maintenance management. The company says the platform can generate system designs up to ten times faster than traditional software and reduce costs by roughly 72 percent, based on customer-reported data. Clients such as GoodLeap, Empower Home Services, and Dynamic SLR have used the platform to accelerate sales cycles and reduce operational complexity.
The company believes its platform addresses a large and growing market as energy generation becomes more distributed. Artemis estimates that more than one million home improvement contractors in the U.S., along with over 10,000 domestic solar companies and tens of thousands internationally, could benefit from streamlined digital tools for solar and energy storage deployment.
Artemis is already expanding internationally through a collaboration with Copec, one of the largest energy companies in Latin America. Through Copec’s venture arm WIND Ventures, the companies plan to launch pilot programs in Chile and Colombia to digitize distributed energy workflows across residential customer networks.
As part of the announcement, Artemis also said it has appointed Alexander Urban as chief financial officer. Urban previously spent 11 years at Shell working in trading, mergers and acquisitions, and most recently as part of Shell Ventures’ investment team focused on energy transition technologies.
The company said the new funding will be used to accelerate product development, expand engineering and customer support teams, and scale its go-to-market efforts as it builds toward becoming the primary operating platform for solar, battery storage, and home energy contractors.
KEY QUOTES
“Installers shouldn’t need six tools and a week of back-and-forth to sell a project. This funding gives us the fuel to scale our mission to compress design, financing, and compliance into a single flow so every installer can operate like a modern energy company. We’re not just speeding up deals, we’re modernizing how distributed energy gets built. The rebrand marks our evolution from a tech-enabled construction business to the digital backbone for distributed energy. We chose the name Artemis, twin sister of Apollo and protector of the earth, to reflect our mission to harness the sun and modernize the grid.”
Walid Halty, Co-Founder And CEO Of Artemis
“Artemis is transforming the complexity of distributed energy into elegant simplicity. It’s the kind of magically weird company we love at Long Journey — technically ambitious, deeply grounded in real-world operations, and building the invisible software that makes the energy transition actually move.”
Arielle Zuckerberg, General Partner At Long Journey
“Artemis is building the software backbone for distributed energy, and we’re excited to help bring that to Latin America. Together with Copec, we see an opportunity to accelerate solar and storage adoption and deliver a faster, more modern experience for homeowners and partners.”
Brian Walsh, Copec WIND Ventures
