CRCL Solutions
The business, the turning points, and the decisions behind them.
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Sections to complete：02
01 / WHAT IT BUILT
What the company did
CRCL (pronounced 'circle') Solutions was a South Bend, Indiana startup founded in 2019 by Thomas Sherman and Daniel Vassallo, fellow University of Notre Dame alumni and PhD candidates in Environmental Fluid Dynamics. It provided cloud-based algorithms and modeling for wind and solar generation forecasts, delivering wind and solar forecasting information for ERCOT's day-ahead and real-time energy markets. It raised a $254,060 grant from the National Science Foundation in August 2021. In the third quarter of 2023, Austin-based Enverus - an energy-dedicated SaaS platform with analytics from 98 percent of U.S. energy producers - announced the acquisition of CRCL Solutions, combining CRCL's forecasting technology with Enverus' data resources to build next-generation wind and solar forecasting products; financial terms were not disclosed.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Thomas Sherman and Daniel Vassallo founded CRCL Solutions, bringing their Environmental Fluid Dynamics research to wind and solar forecasting.
- NSF grant
CRCL raised a $254,060 grant from the National Science Foundation on August 15, 2021.
- Acquired by Enverus
In Q3 2023 Enverus announced the acquisition of CRCL Solutions to combine its forecasting technology with Enverus' energy data resources; terms were not disclosed.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Raised approximately $274,000 in total, including a $254,000 NSF grant in August 2021.
- 02
In the third quarter of 2023 it was acquired by Enverus on undisclosed terms.
- 03
No audited loss figure was publicly disclosed.