Utilidata Partners with Renown Capital Partners and Others to Secure $60.3 Million in Series C Funding
Utilidata Partners with Renown Capital Partners and Others to Secure $60.3 Million in Series C Funding
04/30/25, 1:25 AM
Location
providenceMoney
$60.3 million
Industry
energy
information technology
software
Type
partnership
Providence-based Utilidata has secured $60.3 million in Series C funding, with Renown Capital Partners leading the round. The funding will enable Utilidata to rapidly scale their distributed AI platform, Karman, developed in collaboration with NVIDIA, to bring artificial intelligence to the edge of the energy grid.
Company Info
Location
225 dyer street
providence, rhode island, united states
Additional Info
Utilidata is a leading energy technology company that is digitizing the grid edge to unleash the full potential of clean energy. The company's patented real-time machine learning software leverages data from every point on the distribution grid to enhance visibility, optimize operations, detect anomalies, and integrate distributed energy resources.