Aurora Solar raises $50 million to streamline solar installation with predictive algorithms

San Francisco-based Aurora Solar, which taps a combination of lidar sensor data, computer-assisted design, and computer vision to streamline solar panel installations, today announced a $50 million raise. The company says it will leverage the funds to accelerate hiring across all teams and ramp up development of new features and services for solar installers and solar sales consultants. Despite recent setbacks, solar remains a bright spot in the still-emerging renewable energy sector. In the U.S., the solar market is projected to top $22.9 billion by 2025, driven by falling materials costs and growing interest in offsite and rooftop installations. Moreover, in China -- the world's leading installer of solar panels and the largest producer of photovoltaic power -- 1.84% of the total electricity generated in the country two years ago came from solar.