Gridware Secures $26.4M Series A to Enhance Grid Monitoring

Gridware, a company specializing in continuous power grid monitoring solutions, has secured a significant investment to further its mission of transforming grid protection and monitoring. The company announced a successful Series A funding round, raising $26.4 million, led by Sequoia Capital, alongside existing backers such as Fifty Years, Lowercarbon, True Ventures, and Convective Capital.

This funding will empower Gridware to scale the production of its Gridscope devices and the Gridware monitoring and analytics service. Gridware’s technology provides continuous power grid monitoring 24 hours a day, helping utilities prepare for and respond to a growing number of risks. By leveraging a network of advanced Gridscope sensors and on-device analysis, Gridware continuously monitors key grid assets, providing real-time insights into grid health.

The platform ensures uninterrupted monitoring even when power lines are de-energized, thanks to its independent power supply. With multiple communication methods, including cellular, satellite, and device-to-device networking, Gridware ensures that grid operators receive timely alerts about hazards and faults, no matter when or where they occur. This integrated approach empowers utilities to take proactive action, improve safety, and enhance grid reliability.

Gridware’s system tracks wear and tear on physical assets, including environmental, wildlife, and physical stress unique to each asset. This data-driven approach uses condition-based information to prioritize maintenance schedules, ultimately extending the lifespan of the infrastructure.

The company’s co-founder and CEO, Tim Barat, previously worked as a lineman in Australia, including during the devastating Black Saturday bushfires in 2009. That experience led him to create Gridware with fellow University of California-Berkeley graduate students Abdulrahman Bin Omar and Hall Chen.

Following a successful initial pilot with California-based PG&E last year, the pioneering utility has since expanded to a large-scale deployment covering more than 1,000 miles of power lines and 10,000 poles. Today, Gridware is trusted by utilities across North America, serving millions of customers across ten U.S. states and counting.

Bryan Schreier from Sequoia Capital noted that until now, utilities have been operating the electric grid without reasonable monitoring capabilities. Gridware gives utilities real-time visibility into the health of the grid, allowing them to prevent outages, stop wildfires, and save lives. A more resilient grid, by extension, will lead to a more resilient economy and society.

Over the past 12 months, Gridware has increased its revenue growth by seven times. This funding round powers Gridware with additional capital to scale its Gridscope manufacturing production, expand its staff, and reach a broader set of utility partners. Gridware is growing and has open positions available for those interested in contributing to its mission.

Gridware’s advanced monitoring system uses high-precision mechanical sensors to detect potential issues early, enabling proactive maintenance and fault mitigation. This comprehensive approach helps improve safety, reduce outages, and ensure the grid operates efficiently. The company is headquartered in San Francisco, California, and is backed by climate-tech and Silicon Valley investors. For more information, please visit www.Gridware.io.

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