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tem has raised £55m in a Series B funding round to enhance its AI-native infrastructure for business energy contracts and expand internationally into markets like Texas and Australia. The funding will support product rollout, aiming to automate energy procurement processes to reduce costs and inefficiencies.

The company's technology includes the Rosso transaction engine and the RED customer interface. This funding round, led by Lightspeed Venture Partners, brings tem's total financing to approximately £68.8m.