Utilidata Raises $60.3m for Energy Infrastructure AI Platform

Utilidata has raised $60.3 million in Series C funding to scale its energy infrastructure AI platform, Karman, developed in partnership with Nvidia. The platform provides real-time visibility, identifies and manages distributed energy resources, enhances resiliency, and offsets the need for future infrastructure investments. The platform can be integrated into smart meters, providing AI solutions to utility companies and their customers.

“With this round of financing, Utilidata is positioned to deliver a major breakthrough in how the world manages power across the entire energy ecosystem,” said James McIntyre, co-founder, CIO, and managing partner at Renown Capital Partners. “By bringing artificial intelligence to the edge of the grid, Utilidata’s Karman platform will help deliver unprecedented efficiency, resilience, and security to energy infrastructure across the world.”

"Electricity has gone from being abundant and predictable to scarce and increasingly unpredictable,” said Josh Brumberger, CEO of Utilidata. “That paradigm shift requires fundamentally new technology and deeper industry collaboration. We’re bringing together a powerful coalition of partners who are committed to scaling AI across the grid to build a modern and dynamic energy system.”