Bidgely today announced the closing of a $26M round of strategic financing to bolster its utility electrification and decarbonization innovations deployed around the world. Led by Moore Strategic Ventures (MSV), the round is joined by Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International. The oversubscribed round also included existing investors, such as Future Energy Ventures, Georgian and Constellation Technology Ventures.

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.

Bidgely Secures $26M In Financing To Accelerate Utilities’ Leading Role In The Clean Energy Future

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Bidgely Secures $26M In Financing To Accelerate Utilities’ Leading Role In The Clean Energy Future

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