California-Based Torch Systems Secured $11.5M in Total Funding

Torch Systems, a Lafayette, CA-based provider of an outdoor asset intelligence platform, has raised $11.5 million in total funding, including $9.5 million in equity and $2 million in venture debt financing.

The round was led by Khosla Ventures, Abstract, Construct Capital and Starship Ventures, with venture debt financing from First Citizens Innovation Banking.

The company plans to use the funding to accelerate manufacturing and deployment of its TerraNode sensing devices, expand its go-to-market and field operations teams, and continue developing its Torch Intelligence Platform.

What is Torch Systems?

Torch Systems develops technology that helps organizations monitor distributed outdoor infrastructure.

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TerraNode uses optical and thermal cameras along with acoustic, gas, air-quality and environmental sensors. It also includes on-device edge AI.

The solar-powered device does not require external power or a wired network connection. It can be installed in minutes, making it suitable for remote locations such as solar farms, transmission corridors and canyons.

Torch's technology is designed for utilities, renewable energy operators, municipalities and industrial companies that manage large numbers of outdoor assets.

How Much Funding Has Torch Systems Raised?

Torch Systems has raised $11.5 million in total funding.

This includes $9.5 million in equity funding and $2 million in venture debt financing.

The equity round was led by Khosla Ventures, Abstract, Construct Capital and Starship Ventures, while First Citizens Innovation Banking provided the venture debt.

The source does not provide details of any earlier funding rounds.

Who Invested in Torch Systems’ Funding Round?

Khosla Ventures, Abstract, Construct Capital and Starship Ventures led the equity financing.

First Citizens Innovation Banking provided $2 million in venture debt financing.

Why the Funding Matters

Torch Systems will use the funding to increase production and deployment of its TerraNode sensing devices.

The company will also grow its go-to-market and field operations teams and continue advancing the Torch Intelligence Platform.

The funding comes as Torch expands beyond its original wildfire detection focus into outdoor asset intelligence, aimed at providing continuous monitoring of distributed infrastructure.

Who founded Torch Systems?

Torch Systems was founded in 2023 by Vasya Tremsin and Anton Tremsin.

The company is headquartered in Lafayette, California.

“We've invested extraordinary amounts of capital and ingenuity into teaching AI to understand the digital world, while much of the physical world that powers our lives still goes unwatched,” said Vasya Tremsin, co-founder and CEO of Torch Systems. “Our belief is simple: critical outdoor infrastructure should be able to tell you what's happening before a small problem becomes a major event.

“Across a large solar and battery storage portfolio, it can be challenging to maintain continuous visibility into conditions at every site,” said Chris Nee, Manager of Renewables, Dominion Energy. “Torch Systems gives us another way to identify a range of issues such as fire risks and vegetation anomalies and better understand what’s happening across our sites.

Market and Business Growth

Torch Systems is working with infrastructure operators across a growing range of outdoor monitoring applications.

Dominion Energy is using Torch technology at solar sites to monitor potential issues including fire, solar panel misalignment, overheating and vegetation growth conditions.

The company says its TerraNode devices can be deployed across distributed outdoor infrastructure without requiring external power or wired network connections.

What Happens Next?

Torch Systems plans to accelerate the manufacturing and deployment of TerraNode devices while expanding its go-to-market and field operations teams.

The company will also continue developing its Torch Intelligence Platform as it expands its outdoor asset intelligence technology across utilities, renewable energy and other infrastructure applications.

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