Fundz

Gridware Raises $10.5 Million To Improve Grid Reliability Nationwide

PRIVATEJun 13, 2023

Amount Raised

$10.5 Million

Round Type

Funding Round

San FranciscoEnergySoftwareRenewable Energy

Investors

Convective CapitalTrue VenturesLiquid 2 VenturesWireframe VenturesRebel FundAI SproutsTracKindergarten VenturesHawktailEnergy.GovFifty YearsLowercarbon Capital

Description

Gridware today announced it has raised $10.5 million in a seed extension funding round led by Fifty Years and Lowercarbon Capital. This funding allows Gridware to continue to empower utilities to rapidly improve their reliability and wildfire mitigation efforts using its technology that is quickly and affordably implemented onto existing assets. This extension was supported by participation from nearly all of Gridware's initial seed round investors including True Ventures, Liquid 2 Ventures, Wireframe Ventures, Rebel Fund and AI Sprouts as well as joined by new investors including TRAC, Kindergarten Ventures, Hawktail, and Convective Capital. This extends Gridware's funding to $18.8 million.

Quick answer

Gridware raised $10.5 Million in a Funding Round round, dated June 13, 2023. Investors: Convective Capital, True Ventures, Liquid 2 Ventures, Wireframe Ventures, Rebel Fund, AI Sprouts, Trac and Kindergarten Ventures. Gridware is based in San Francisco, California, United States.

How much did Gridware raise?
Gridware raised $10.5 Million in a Funding Round round on June 13, 2023.
Who invested in Gridware?
Convective Capital, True Ventures, Liquid 2 Ventures, Wireframe Ventures, Rebel Fund, AI Sprouts, Trac and Kindergarten Ventures are named as investors in this round.
What does Gridware do?
Gridware is a technology company focused on protecting and enhancing the electrical grid.
Where is Gridware based and how big is it?
Gridware is based in San Francisco, California, United States. Fundz records about 132 employees.
Who are the decision-makers at Gridware?
Fundz holds 2 contacts at Gridware. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Gridware that raised within 45 days of this round, from Fundz verified event records.

  • PVcase raised $100M on July 17, 2023.
  • Satellite Vu raised $16M (Funding Round) on May 24, 2023.
  • Waste Energy Corp raised $200K (Seed) on July 28, 2023.
  • Field raised $260M (Funding Round) on July 27, 2023.
  • Dioxycle raised $17M (Funding Round) on July 26, 2023.
  • Materials Nexus raised $2.6M (Seed) on July 26, 2023.

Who to call at Gridware, and when

A new round usually means Gridware is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Gridware

Location

San Francisco, California, United States

About

Gridware is a technology company focused on protecting and enhancing the electrical grid. It specializes in monitoring the physical and mechanical aspects of the grid, including external factors that can affect its reliability, such as environmental and physical threats. 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.

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