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Utilidata Partners with Renown Capital Partners and Others to Secure $60.3 Million in Series C Funding

Apr 30, 2025•about 1 year ago

Contract Type

partnership

ProvidenceInformation TechnologyEnergySoftware

Description

Providence-based Utilidata has secured $60.3 million in Series C funding, with Renown Capital Partners leading the round. The funding will enable Utilidata to rapidly scale their distributed AI platform, Karman, developed in collaboration with NVIDIA, to bring artificial intelligence to the edge of the energy grid.

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.

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