Israeli AI Startup REplace Secures $2.1M to Speed Up Clean Energy and Data Center Projects

Israeli AI Startup REplace Raises $2.1M to Speed Up Clean Energy Projects

Tel Aviv-based startup REplace has secured $2.1 million in funding to grow its AI-driven platform that simplifies the planning and development of renewable energy and data center projects. The funding round was led by Gravity Climate, whose founders include Dr. Bracha Halaf, former Chief Scientist at Israel’s Ministry of Energy, and Zafrir Yoeli, Co-Founder of Enlight. REplace plans to use the investment to expand its presence in the U.S. market.

REplace’s platform leverages proprietary algorithms to instantly evaluate site viability by analyzing more than 50 data points. These include land ownership, grid availability, permitting risks, and market factors. This approach reduces site selection timelines from months down to seconds, lowering costs and accelerating project deployment.

How REplace Works

Traditional site selection for renewable projects is slow and error-prone, often relying on manual data gathering. REplace automates this by providing a comprehensive, data-driven assessment. This helps developers avoid costly mistakes early on and speeds up decision-making.

Matias Sigal, Co-Founder and CEO, explains, “This investment supports our goal to become the go-to platform for renewable energy development and acquisition, helping the energy transition move as fast as it needs to.”

Alan Algamis, Co-Founder and CTO, adds, “By applying AI to real estate, permitting, and project M&A, we compress timelines from months to seconds — enabling faster, smarter, and more cost-effective development.”

Company Snapshot

• Founded: 2023
• Sector: AI, Renewable Energy, Climate Tech
• Product: AI platform for site selection and project acquisition in renewables and data centers
• Funding: $2.1 million in latest round; $2.175 million total to date
• Lead Investor: Gravity Climate
• Clients: Iberdrola (with Kyoto), EDF Renewables, Doral Energy, Elawan, Bithenergy
• Employees: 11
• Website: REplace

Founders’ Background

• Matias Sigal, CEO: Focused on cost-efficient renewable energy solutions. Former business development lead at a renewable startup that went public. Experienced in scaling global deals and participating in multiple international accelerators.
• Alan Algamis, CTO: Over 14 years of software development experience, specializing in end-to-end solutions. Background includes full-stack development for US and Israeli tech firms, including AXA.

Addressing a Critical Market Bottleneck

The global push to triple renewable energy capacity to 11,000 GW by 2030 faces a major hurdle: 80% of projects fail before construction due to inefficient, manual site selection processes. These failures cause months of delay and significant financial losses.

REplace tackles this by bringing speed, accuracy, and transparency to site evaluation. Its AI platform replaces slow manual research with instant, data-driven insights, helping developers identify optimal locations quickly and reduce project risk.

Plans for Growth

With the new funding, REplace will accelerate its expansion in North America and other markets. The company intends to grow its engineering and sales teams, improve its land intelligence and acquisition tools, and build exclusive data sets on grid infrastructure and permitting.

These efforts will extend platform support to storage developers, data center operators, and project investors, making project development faster and more reliable.