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Myst AI

Expert future forecasting for energy companies

Myst AI logo
1-20 employees
  • B2B
  • Energy
  • Analytics
Financial District, San Francisco, CA

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Company mission

To provide energy companies with insightful forecasting by accessing untapped resources.

Our take

Many countries across the globe are transitioning to renewable energy to do their bit for global warming, but making projections on the future performance of this is difficult. All existing data models around energy consumption are based on fossil fuels, with no historical data suited for projecting the impact of clean energy on climate change dangers.

Myst AI has created an AI-driven data analysis platform for the projection of clean energy supply and demand. The company provides these insights by using machine learning to analyze localized time-series data from energy providers. The startup claims to be 30 to 60 percent more accurate than traditional forecasts.

The intention behind Myst AI's platform is an interesting one - to help renewable power investors to optimize wholesale market scheduling. The startup believes that this will help load-serving entities increase profits by over 5% and decrease clean energy procurement costs by 1%.

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Steph

Company Specialist at Welcome to the Jungle

Company values

  • Quality - We strive to be exceptional at everything we do. We pride ourselves on our attention to detail and are always looking for ways to improve
  • Diligence - We recognize that our forecasts are critical for our clients. We constantly monitor performance and build reliable systems that clients can depend on
  • Resourcefulness - We believe in doing the work. When challenges arise, we take a step back, scan the landscape, and find a path forward. This makes us great collaborators
  • Curiosity - We are intensely curious. We seek to understand how our clients’ businesses truly work in an effort to realize their goals and build long-term partnerships

Funding (2 rounds)

Sep 2020

$6m

SERIES A

Jan 2018

$2m

SEED

Total funding: $8m

Leadership

Pieter Verhoeven

(CEO)

Having studied at Delft University of Technology, they worked as an Algorithms Engineer at Nest and Google Software Engineer. They left this role after almost 2 years to co-found Myst AI in April 2018.