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Switched Source Secures Over $17 Million in Funding Round Led by Cubit Capital to Enhance Grid Capacity.

PRIVATEOct 13, 2026

Amount Raised

$17 Million

Round Type

Venture

ChicagoEnergyRenewable Energy

Investors

Emerald TechnologyAbbCubit Capital

Description

Switched Source, based in Chicago, has secured over $17 million in funding to help utilities improve grid capacity in response to rising electricity demand. The funding will be used to scale deployment of the company's leading technology, the Phase-EQ. Cubit Capital led the funding round, with additional participation from ABB and Emerald Technology. This investment aims to enhance distribution automation technologies for utilities.

Company Information

Company

Switched Source

Location

Chicago, Illinois, United States

About

Switched Source is a leading developer of grid-enhancing distribution automation technologies. The company focuses on helping utilities unlock additional capacity from existing infrastructure to meet rising electricity demand. Their flagship technology, the Phase-EQ, aims to accelerate the deployment of grid capacity. With this funding, Switched Source looks to scale its operations and enhance utility services.

Fundz sees it the moment Switched Source raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Switched Source's next move

See what Strategic adds

Switched Source raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.