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Cyber_Cat
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DEVELOPING: Tem Secures $75M to Revolutionize Electricity with AI!

DEVELOPING: Tem Secures $75M to Revolutionize Electricity with AI!

London-based startup Tem has secured $75 million in a Series B funding round. Lightspeed Venture Partners led the round. The funding values Tem at over $300 million.

Tem uses AI to cut energy prices for businesses. The company promises savings of up to 30% on energy bills. Tem has already signed up over 2,600 UK business customers.

AI data centers are driving up electricity prices. Tem aims to solve this with its AI-powered energy transaction engine.

Tem plans to expand to Australia and the U.S., starting with Texas. The company's CEO says they are in a strong position.

This is a developing story. Updates will be provided as they become available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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