Symphonics joins Addleshaw Goddard's AG Elevate program
Deeptech Symphonics joins forces with full-service firm Addleshaw Goddard as part of the AG Elevate program.
Deeptech Symphonics partners with fullservice firm Addleshaw Goddard to manage the technological, intellectual property and compliance risks it faces. Addleshaw Goddard as part of the AG Elevate.
A strategic partnership to secure innovation
Symphonics is developing a technology that aims to control electrical equipment by taking into account a range of metrological, economic and ecological data, in order to shift customer consumption to the cheapest, least carbon-intensive hours. The relevance of the models Symphonics develops requires a significant volume of data, the collection and processing of which are strictly regulated.
What's at stake in the AG Elevate program?
The processing of its data by algorithms and artificial intelligence gives rise to models that define Symphonics' relevance and value. The stakes in terms of intellectual property (IP) are therefore high, but require expertise that is complex to grasp.
Why Symphonics was selected
In this context, Symphonics was keen to be supported by a law firm on these issues, and is delighted to join the AG Elevate program, designed and developed by Addleshaw Goddard, which aims to support young companies in the legal and commercial challenges they may face as they grow. Addleshaw Goddard will be able to offer Symphonics its complementary expertise in IP/IT and data protection, corporate and energy matters.
Florence Olive, Symphonics' Marketing Director and DPO, is delighted to be able to work with the mentorship of a leading firm to cover Symphonics' technological risks: " From the outset, Symphonics has built its technology with a view to securing its Data base and the Intellectual Property of the AI algorithms it develops. Addleshaw Goddard's support will enable us to better grasp the legal complexity of its innovative themes, and to anticipate the measures to be integrated into our roadmap, with the aim of providing our customers with ever more adapted and secure services. "
About Addleshaw Goddard Paris
Addleshaw Goddard Paris is a law firm specializing in business law, providing support to major groups, financial institutions, SMEs and investment players. The Paris office boasts a team of over 45 lawyers (including 19 partners), with leading-edge expertise in M&A, private equity, banking and finance, tax, competition, commercial, real estate, litigation, corporate criminal law, labor law, IP/IT, international arbitration, public law and distressed company law. Addleshaw Goddard has 19 offices in the UK, Western Europe, the Middle East and Asia, and operates in over 50 specialties covering corporate and commercial law, finance and projects, litigation and real estate.
About Symphonics
Symphonics was born from the meeting of experts in the energy and energy efficiency markets. Its mission is to make energy cheaper, greener and more accessible, by offering its customers its supervision and control technology, enabling them to align the operation of their equipment with the off-peak hours of their electricity contract and the needs of the power grid. Symphonics thus makes a concrete contribution to the energy transition by reducing its customers' energy bills and carbon footprint by shifting their consumption to times when energy is cheapest and least carbon-intensive. Symphonics is an integrated flexibility operator approved by RTE and ENEDIS for the management of electricity consumption, production and storage, and pilots its portfolio of connected equipment on a daily basis in residential buildings, social housing and the service sector.
ABOUT SYMPHONICS
Founded in 2023, Symphonics is an innovative French scale-up at the heart of the ecological transition, specializing in the intelligent control of electricity production, supply, storage and consumption equipment. Thanks to its connected platform, Symphonics can significantly reduce its customers' energy bills and carbon footprint by automatically shifting their consumption to times when energy is cheapest and least carbon-intensive.
Symphonics offers its residential, tertiary and industrial customers a range of "controlled energy" solutions, including electricity purchase and energy flexibility.
Symphonics is an RTE-certified operator and has been awarded the Deeptech label by BPI France. The company is licensed to manage the production, storage and consumption of electricity. With more than 350,000 connected devices, Symphonics supports individuals and businesses in their drive towards cheaper, greener consumption.
Press contacts Open2europe :
Florine Garreau: f.garreau@open2europe.com, 06 42 28 40 44
Anaïs Loyzance: a.loyzance@open2europe.com, 01 55 02 14 76
Press contacts :
Véronique Pernin and Amélie Le Quernec (VP Strat Agency)
addleshawgoddard@vpstratpresse.com - 06 86 26 96 13
Julie Creuilly (Marketing & BD Manager Addleshaw Goddard)
julie.creuilly@aglaw.com - 06 27 40 24 43