When was Rune Energy founded?

Rune Energy was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Rune Energy located?

Rune Energy is headquartered in Palo Alto, United States.

Is Rune Energy a funded company?

Rune Energy is a funded company, having raised a total of $45.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 02, 2024.

When was the latest funding round of Rune Energy?

Rune Energy's latest funding was a $***** Series A round on Sep 16, 2026, with participation from 6 investors.

Where does Rune Energy rank among its competitors?

Rune Energy ranks 3rd amongst 7 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Omnidian, which secured $87M in Apr, 2025.

Who are the top competitors of Rune Energy?

Rune Energy's top competitors include Omnidian, infiniRel and WattMonk. Among them, Rune Energy secured the most recent funding round in September, 2026.

Rune Energy - 2026 Company Profile, Team, Funding & Competitors

Rune Energy is a series A company based in Palo Alto (United States), founded in 2023 by Varun Palivela and William Layden. It operates as a Computation technology for power plants. Rune Energy has raised $45.6M in funding. The company has 7 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like Omnidian, infiniRel and WattMonk.

Company Details

Computation technology for power plants. It uses a Clipping and Curtailment Conversion System(CC/CS) for the management of power plants. It offers control systems to measure, and consume only the wasted portion of energy, monitoring systems for the power plant controller, supervisor control for manual override of data-center power consumption, APIs for compatibility with existing SCADA systems, and more.

Website: www.rune.energy/
Email ID: *****@rune.energy

Key Metrics

Founded Year

2023

Location

Palo Alto, United States

Stage

Series A

Total Funding

$45.6M in 2 rounds

Latest Funding Round

Series A, Sep 16, 2026, $*****

Ranked

3^rd among 7 active competitors

Similar Companies

Omnidian & 28 more

View Rune Energy's full profile

Rune Energy has raised a total funding of $45.6M over 2 rounds. Its first funding round was on Jul 02, 2024. Its latest funding round was a Series A round on Sep 16, 2026 for $*****. 6 investors participated in its latest round.

Here is the list of recent funding rounds of Rune Energy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 16, 2026	9034038	Series A	6498764	5036453	2696670	9230621
Jul 02, 2024	5473526	Series A	3305117	1501494	1364071	2630798

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View details of Rune Energy's funding rounds and investors

The founders of Rune Energy are Varun Palivela and William Layden.

Here are the details of Rune Energy's key team members:

Varun Palivela: Co-Founder of Rune Energy.
Contact Info: 1 email address
William Layden: Co-Founder of Rune Energy.
Contact Info: 1 email address

View details of Rune Energy's Founder profiles and Board Members

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Top competitors of Rune Energy include Omnidian, infiniRel and WattMonk. Here is the list of Top 10 competitors of Rune Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Omnidian 2015, Seattle (United States), Series C	Provider of monitoring and maintenance solutions for solar PV systems	$168M	HSBC, IA Capital Group & 24 others	57/100
2nd	infiniRel 2009, Mountain View (United States), Funding Raised	Provider of reliability services for renewable energy and clean technology	-	Cleantech Open, CalSEED	34/100
3rd	Rune Energy 2023, Palo Alto (United States), Series A	Computation technology for power plants	$45.6M	-	39/100
4th	WattMonk 2019, Westfield (United States), Unfunded	Platform for providing solar design and analysis services	-	-	27/100
5th	BrightCurrent 2012, Acquired	Provider of solar panel maintenance, repair, and monitoring subscription services	-	Better Ventures	24/100
6th	Solarlytics 2015, Livermore (United States), Funding Raised	Provider of solutions to improve the efficiency of solar energy	-	YX Capital, Baruch Future Ventures & 4 others	21/100
7th	FLUX RENEWABLES 2019, Los Angeles (United States), Unfunded	Provider of IoT based technology to monitor renewable energy projects	-	-	16/100