REplace, an AI-based platform streamlining renewable energy and data center development, announced a $2.1 million funding round. The funding round was led by Gravity Climate, whose founding team includes Dr. Bracha Halaf, former Chief Scientist of Israel’s Ministry of Energy, and Zafrir Yoeli, Co-Founder of Enlight. REplace had raised $1.6 million in its latest round, bringing total funding to $2.175 million.
Additional participants in the round included Adam/a – the new climate tech fund backed by Crescendo Partners — as well as Techstars (follow-on), Malbec Ventures, and strategic angels from the solar and data center sectors.
How the funding will be used: The funding supports REplace’s mission to scale its impact in the U.S. market and help accelerate the global clean energy transition. With this funding, REplace will also grow its engineering team, deepen U.S. presence, and expand AI across land and M&A.
What REplace does: REplace utilizes proprietary algorithms to identify optimal sites, maximizing ROI, minimizing risk, and compressing siting timelines from months to seconds. And this saves time, cuts costs, and accelerates deployment. It also helps acquisition teams evaluate secondary-market projects, making it a critical tool for developers and investors.
REplace’s proprietary platform analyzes over 50 factors—ranging from landowners, grid data, and permitting risks to market dynamics—to identify the optimal location for a project and provide instant go/no-go decisions on specific land parcels. And it also enables acquisition teams to identify and evaluate renewable energy projects in the secondary market, making it a critical tool for developers and investors.
Industry leaders are utilizing REplace’s platform to power their development strategies, including some of the world’s largest renewable energy companies such as Iberdrola (in partnership with Kyoto), EDF Renewables, Doral Energy, Elawan, and Bithenergy.
KEY QUOTES:
“REplace is setting a new standard for how renewable energy and data center projects are developed and planned. This investment fuels our vision to become the definitive platform for renewable energy development and acquisition, and to help drive the global energy transition at the speed the world demands.”
Matias Sigal, Co-Founder and CEO of REplace
“By applying advanced AI to real estate and site selection, permitting, and project M&A, we’re compressing timelines from months into seconds—unlocking faster development, lower costs, and smarter decisions.”
Alan Algamis, Co-Founder and CTO of REplace
“What REplace is doing is revolutionary for the renewable energy industry. Their technology doesn’t just help projects move faster—it empowers smarter, lower-risk development at scale. In a world racing to meet net-zero goals, platforms like REplace are essential infrastructure.”
Zafrir Yoeli, Managing Partner at Gravity Climate
