Alchera Joins Plug and Play Energy & Sustainability Innovation Platform
Plug and Play’s core objective is “to catalyze technological advancement.” Over the past 12 years, Plug and Play has built the largest innovation platform on Earth, bringing together startups, investors, and blue-chip corporations to build an equity-free innovation platform. Since inception, the Plug and Play community has raised over $6 billion in venture funding and continues to make over 200 investments worldwide every year. To give startups the necessary resources to succeed in Silicon Valley and beyond, Plug and Play is now active in 25 locations globally, including the U.S., China, France, Germany, The Netherlands, Singapore, Indonesia, and Mexico.
Alchera Inc. was first introduced to the Plug and Play ecosystem through the Korea Innovation Center – Silicon Valley (KIC) and spent 8 weeks in the International batch. There, Alchera was able to quickly iterate on their US market entrance strategy, and found a strong niche in the Energy vertical, mirroring their Visual Anomaly Detection use case from Korea to the wildfire-threatened California utility industry.
After securing an initial POC with ALERT Wildfire at the University of Nevada Reno and a request for 240 new wildfire-detecting cameras to be installed in Korea, Alchera felt confident to bring the solution to Plug and Play’s corporate partners. After attending the Energy Selection day consisting of some interesting and timely keynotes from the likes of HP’s Real Estate and Sustainability head, and a round of pitches from 28 top startups, Alchera Inc. was formally accepted to batch 5 of the Energy & Sustainability vertical.
“We are very excited to be back at Plug and Play, and this time in the Energy and Sustainability vertical where we can truly focus on developing the best products to suit the needs of the energy partners. It is a great and important time for our company,” Alchera co-founder and CTO Young Hwang said after hearing the good news.
The program will kick off this summer and end at the Fall Summit on October 22-24.