60Hertz Raises Seed Funding from Impact Investor Factor[e] Ventures
ANCHORAGE and FORT COLLINS, CO—Impact investor Factor[e] Ventures closed a deal with 60Hertz, the first maintenance management software designed specifically for people managing remote energy assets such as microgrids. 60Hertz, which launched in 2017, has developed a cloud-based application to train and assist operators who maintain expensive, critical assets in isolated locations. An intuitive interface deftly suits the needs of remote field workers who range from skilled technicians to low or no literacy community members. The 60Hertz platform connects remote operators to a peer network, provides in-app trainings for “upskilling” on the job, and assists with change management. On the backend, the platform allows remote asset owners or operators to keep track of maintenance through an administrative web portal.
The platform first piloted in fifteen rural villages in Alaska last year and now is commercially deployed in twenty-eight locations across the state. Prospects globally are accelerating, with strong interest from the Canadian Arctic, the Philippines, and a first customer in Colombia through USAID.
“Better maintenance is one of the most critical — but overlooked — ways to address energy poverty,” commented 60Hertz CEO, Piper Wilder. “And 60Hertz and Factor[e] are perfectly aligned in our interest to serve the global microgrid market and improve the lives of the rural and indigenous people who are important stakeholders in this industry.”
Dr. Morgan DeFoort, Managing Principal at Factor[e] Ventures, commented, “60Hertz complements our portfolio of technology companies focused on reducing the cost of not only building microgrids but operating and maintaining them as well. We believe the lessons learned from deploying the platform on remote sites in Alaska, can inform the approach to bring the technology to the emerging markets.”
In This Issue
The Marx Bros. Café
Jack Amon and Richard “Van” Hale opened the doors of the Marx Bros. Café on October 18, 1979; however, the two had already been partners in cuisine for some time, having created the Wednesday Night Gourmet Wine Tasting Society and Volleyball Team Which Now Meets on Sunday, a weekly evening of food and wine. It was actually the end of the weekly event that spurred the name of the restaurant: hours after its final service, Amon and Hale were hauling equipment and furnishings out of their old location and to their now-iconic building on Third Street, all while managing arguments about equipment ownership, a visit from the police, and quite a bit of wine. “If you’ve ever seen the movie ‘A Night at the Opera” starring the Marx Brothers, that’s what it was like,” Hale explains.