Artemis Raises $6M in Funding to Scale AI Platform for Distributed Energy Contractors
Houston has always understood energy. Oil rigs, refineries, steel in the skyline. Power is part of the local dialect. So when a company born in that environment decides the next chapter of energy needs an operating system, people should probably pay attention. Artemis, the company formerly known as Monalee, just stepped onto the stage with a $6M equity round and a new name that fits the mission. Precision, focus, and a clear shot at the future of distributed energy.
Congratulations to Walid Halty, co-founder and CEO of Artemis, for turning a contractor problem into a software opportunity. Installers, solar teams, and home energy pros have been juggling design tools, finance systems, and proposal software like a street performer spinning plates. Artemis brings that chaos into one platform. Design, proposals, financing, and contracts all moving through a single AI powered system built for solar, storage, HVAC, roofing, and the rest of the distributed energy toolbox. In other words, less juggling and more selling.
Investors saw the signal. Long Journey Ventures and Copec WIND Ventures co-led the round, with Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures, Palm Tree Crew, and Scott Banister joining the mix. When that many experienced venture players lean into a climate tech platform, it usually means one thing. The math works and the timing feels right.
Artemis did not appear out of thin air. Monalee started as a vertically integrated solar and battery installer back in 2019, which means Walid Halty and the team lived the operational headaches themselves. Permits. Utility rules. Proposal delays. Design bottlenecks. The kind of friction that slows the clean energy transition to a crawl. So they built internal tools to solve it. Those tools turned into Artemis. The installer became the architect.
The results are starting to speak. Artemis has seen 27x growth over the past 9 months and already serves 100+ installers and energy professionals. Partners like GoodLeap are compressing a design to sale process that once took 7 days into about 1 minute. Dynamic SLR reports a 72% reduction in costs. That is what happens when software removes the paperwork gravity from an industry that has been stuck in manual mode.
The bigger play sits just ahead. Over 1M home improvement contractors, more than 10,000 solar companies in the United States, and 10,000s globally are all trying to move clean energy projects faster. Artemis is positioning itself as the operating system behind that movement. Not the panel. Not the battery. The digital infrastructure that lets everyone else move at software speed.
Alexander Urban stepping in as CFO adds another interesting note to the rhythm. 11 years at Shell across trading, M and A, and Shell Ventures means capital discipline meets energy domain expertise. When finance understands the physics of the market, scaling gets a lot more interesting.
Energy used to be about drilling deeper. Now it is about moving faster. Artemis seems determined to make sure the software side of the grid finally catches up with the hardware sitting on rooftops across the world.
