Monalee rebrands and raises $6M to build operating system for distributed energy projects

Artemis, formerly known as Monalee, has closed a $6 million funding round to launch a new software platform designed to streamline the planning and deployment of distributed energy systems. The financing was led by Long Journey Ventures and Copec WIND Ventures, with contributions from a broad group of energy sector investors. The company aims to use the capital to expand its AI enabled tools that help installers, financiers and contractors accelerate clean energy projects, according to PR Newswire.

Artemis funding round and platform vision

Artemis’ recent financing round reflects investor confidence in software that can modernize how distributed energy resources are designed and delivered. The $6 million raise was co led by Long Journey Ventures and Copec WIND Ventures, with additional contributions from Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures, Palm Tree Crew and tech entrepreneur Scott Banister.

While the organization began as Monalee, primarily installing solar and battery systems, its internal tools quickly became its most effective asset. Those tools evolved into a software platform that can support other companies in the sector.

The newly christened Artemis platform combines artificial intelligence with automated workflows that handle everything from customer quoting to regulatory compliance. Instead of requiring installers or contractors to piece together separate systems for these tasks, Artemis brings them together in one integrated operating environment.

According to the company, this unified approach can drastically reduce the time and cost associated with common project tasks. Manual processes that once took days or weeks, such as site assessment or system layout, can now happen in a fraction of the time using Artemis’ AI and rule based tools.

Artemis plans to invest the funding in accelerating product development, expanding its engineering and AI teams, and scaling customer support. The company also intends to enhance integrations with financing partners and expand its footprint beyond the United States.

Distributed energy resources opportunity and company evolution

Distributed energy resources are playing an increasingly important role in the transition to cleaner and more resilient electricity grids. Yet despite growing demand, many installers and energy financiers struggle with complex workflows, fragmented software tools, and inconsistent permitting requirements across regions.

Artemis was founded to address these obstacles by creating an operating system tailored to the unique needs of distributed energy deployment. Initially operating as a vertically integrated provider the company found its internal technology offered a more scalable avenue for growth.

The decision to rebrand from Monalee to Artemis underscores this shift toward software and reflects the company’s broader mission. The new name, inspired by the mythological figure associated with protection and renewal, aligns with the company’s focus on enabling more efficient clean energy rollouts.

At the same time, Artemis already counts more than 100 installers and energy professionals as users of its software tools, signaling early traction within the market. These users span residential solar companies, home improvement contractors and financing partners seeking faster, more reliable digital workflows.

In addition to domestic expansion, Artemis is launching pilot programs in Latin America through a collaboration with Copec WIND Ventures. These pilots, taking place in countries such as Chile and Colombia, aim to support regional partners in digitizing distributed energy processes and expanding access to clean energy solutions.

Artemis has also strengthened its leadership team, adding Alexander Urban as Chief Financial Officer. Urban brings more than a decade of experience from Shell, where he worked on trading, mergers and acquisitions and venture investing focused on the energy transition, a background Artemis says will help guide its growth strategy.

By rebranding as Artemis and securing $6 million in financing, the company has signaled a clear shift toward becoming a software foundation for distributed energy deployment. Its AI driven operating system aims to tackle long standing workflow challenges in the sector, helping installers, contractors and financiers work more efficiently.

With fresh capital, expanded leadership and pilot programs underway in international markets, Artemis is positioning itself as a significant technology partner in the growing clean energy landscape. As demand for solar and storage continues to climb, digital platforms that streamline project planning and execution may become essential tools for industrywide adoption.