Nyquis raises $6.3 million in a seed round to enhance grid monitoring systems. The round is co-led by Gigascale Capital and South Park Commons, with several notable investors participating.
Amount Raised
$6.3 Million
Round Type
Seed
San FranciscoSecurityPublic SafetyInvestors
Description
Nyquis, a company focused on continuous monitoring systems for electrical grids, has successfully raised $6.3 million in a seed funding round. This funding will help utilities improve their existing infrastructure amidst rising wildfire threats and increasing electricity demand. The round was co-led by Gigascale Capital and South Park Commons, with participation from various other investors. Nyquis aims to assist operators in detecting early signs of potential wildfire ignitions.
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