Utilidata Raises $60.3M Series C to Scale Edge AI for the Power Grid

Utilidata is modernizing the electric grid with edge-based AI. Its partnerships with NVIDIA, Deloitte, and Quanta Services reflect a broader industry push toward smarter, more adaptive energy systems.

Utilidata Raises $60.3M Series C to Scale Edge AI for the Power Grid
Source: Utilidata

Company Name: Utilidata
Location: Providence, RI
Industry: Energy Infrastructure

Funding Details:

  • Amount: $60.3M (Series C)
  • Investors:
    • Lead: Renown Capital Partners
    • Participants: Quanta, NVIDIA, Keyframe Capital

Purpose of Investment:

  • Rapidly scale Karman, the company's distributed AI platform developed with NVIDIA
  • Accelerate deployment of AI-enabled infrastructure across the power grid

Leadership:

  • CEO: Josh Brumberger

Product:
Utilidata offers Karman, a distributed AI platform that embeds intelligence into any grid-connected device using a custom NVIDIA module. The platform enables real-time decision-making at the edge to improve grid reliability, efficiency, and resilience.

About Company:
Utilidata is modernizing the electric grid with edge-based AI. Its partnerships with NVIDIA, Deloitte, and Quanta Services reflect a broader industry push toward smarter, more adaptive energy systems. With Karman, Utilidata is enabling the next generation of intelligent grid infrastructure.

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