# Safegrid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/safegrid

- Industry: Power & Utilities
- Headquarters: Espoo, Finland
- Website: www.safegrid.io
- Latest round: Seed (Nov 11, 2019)
- Investors on record: 1

## About

Based in Espoo, Finland, and founded in 2019, Safegrid Oy operates as a power and utility company that develops smart grid systems aiming to locate, predict, and prevent grid faults while improving grid performance. In December 2022, Safegrid Oy raised EUR 5.7 million in venture funding led by Ajanta LLP, with participation from Finnish Industry Investment Tesi and Grid.vc.

Safegrid Oy offers a new level of insight into the grid, as well as cloud-based analytics and monitoring software that demonstrates both the big picture about the grid's performance as well as quick actionable alerts about grid faults, and delivers more data, more accurate fault location, faster installation without blackouts, enabling clients to locate faults, perform timely preventative maintenance, and reduce total cost of ownership.

The company plans to use the December 2022 funding to accelerate its international expansion, especially in the US and EU markets.

## Funding rounds

- Seed, Nov 11, 2019 — Grid.vc

## Investors

- Grid.vc (https://capitalatlas.ai/funds/grid-vc) — Seed