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Bidgely acquires Grid4C to enhance AI solutions

Mar 18, 2025•4 months ago

Acquiring Company

Bidgely

Acquired Company

Grid4C

Mountain ViewAustinArtificial IntelligenceScience And EngineeringData And AnalyticsSoftwareArtificial IntelligenceAnalytics

Description

Bidgely has acquired Grid4C, a leader in AI predictive analytics for the energy sector. This acquisition enhances Bidgely's UtilityAI™ Platform with advanced capabilities in energy management and customer engagement. Grid4C’s expertise will support better forecasting and consumer utility interactions. The merger aims to solidify Bidgely's market leadership in AI-powered energy intelligence.

Company Information

Company

Bidgely

Location

Mountain View, California, United States

About

Tech firm Bidgely on Thursday said it has raised $26 million (about Rs 190.8 crore) in funding led by Moore Strategic Ventures. Bidgely is targeting multiple use cases, including AI-based short-term load forecasting, analytics-based customer indexing and asset predictive maintenance to solve multiple challenges for Discoms, the statement said.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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