Linevision Announces $33M Series C In Growth Capital To Accelerate The Net Zero Grid
10/04/22, 11:06 AM
Location
bostonMoney raised
$33 million
Industry
information technology
Round Type
series c
LineVision, Inc., the world's leading provider of overhead line monitoring for electric utilities, today announced the closing of its $33 million Series C financing round. The proceeds from this round will be used to accelerate global growth of its Grid Enhancing Technology (GETs) platform, used by leading utilities around the world to increase the capacity, flexibility, and safety of their transmission grids and accelerate the transition to net zero.
Company Info
Location
boston, massachusetts, united states
Additional Info
LineVision is the leading provider of advanced grid monitoring solutions that help utilities meet the demands of the new energy economy through the rapid unlock of new transmission capacity and enhanced grid resilience. LineVision's patented non-contact sensors collect critical information to unlock up to 40% additional capacity on existing lines, provide insight into conductor health, and detect anomalies and risks, including the conditions that can lead to wildfires. LineVision's global customer base includes eight of the ten largest US utilities, including Dominion Energy, National Grid, Southern Company, and Exelon.