Gridraven raised €4 million in a funding round led by 42CAP and Icebreaker.vc to expand operations in the US.
Gridraven raised €4 million in a funding round led by 42CAP and Icebreaker.vc to expand operations in the US.
02/12/25, 5:45 PM
Location
tallinnMoney raised
€4 million
Industry
software
artificial intelligence
Round Type
seed
Investors
Icebreaker.Vc, 42 Cap
Tallinn-based Gridraven announced a €4 million raise in funding to expand into the US with the registration of Gridraven Inc. The funding will be directed toward scaling operations, growing the team, and accelerating the rollout of innovative solutions designed to address the evolving challenges of the global energy sector.
Company Info
Location
tallinn, harju maakond, estonia
Additional Info
Gridraven is a technology company founded in 2023 that specializes in addressing critical bottlenecks in power grids. Their AI-driven Dynamic Line Rating technology optimizes transmission lines to increase grid capacity by up to 30% without the need for additional hardware. By leveraging machine learning-based weather models, Gridraven aims to improve the efficiency of energy distribution. Their goal is to alleviate grid capacity issues, which they see as a significant barrier to economic growth.