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Utilidata has secured $60.3 million in Series C funding to scale its distributed AI platform, Karman, with Renown Capital leading the round alongside Quanta Services, Keyframe Capital, and NVIDIA.

Apr 29, 2025•3 months ago

Amount Raised

$60.3 Million

Round Type

series c

ProvidenceEnergyInformation TechnologySoftware

Investors

NvidiaKeyframe CapitalQuanta ServicesRenown Capital

Description

Utilidata, a leader in edge AI technology, announced today that it has secured $60.3 million in Series C funding. The round was led by Renown Capital Partners with participation from Quanta Services, Keyframe Capital, and NVIDIA. This funding will enable Utilidata to rapidly scale its distributed AI platform, Karman. Built on a custom NVIDIA module, Karman promises to enhance energy infrastructure globally.

Company Information

Company

Utilidata

Location

225 DYER STREET

Providence, Rhode Island, United States

About

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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