# Utilidata

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

- Industry: Energy Storage & Batteries
- Headquarters: Ann Arbor, US
- Website: www.utilidata.com
- Total disclosed funding: $158M
- Latest round: Series C (May 28, 2026)
- Investors on record: 12

## About

Utilidata, Inc. is a Rhode Island-based company that provides advanced grid management solutions through AI integration at the electrical grid's edge, enhancing operational efficiency for utility providers.Utilidata, Inc. was founded in 2012 in Providence, US, focusing on innovative grid management solutions. The company has secured a total of USD 60.32 mn across multiple funding rounds, with the most recent being a Series C round led by Renown Capital Partners on April 16, 2025. The current CEO is Josh Brumberger.Utilidata specializes in advanced grid management solutions by integrating artificial intelligence directly at the edge of the electrical grid. Their core offerings include AI-powered smart meters and intelligent grid solutions optimized for real-time data processing and analytics. These products enhance operational efficiency for utility companies by providing insights into energy consumption patterns and grid performance, facilitating a transition to cleaner energy sources. Utilidata’s client base consists primarily of utility providers and energy companies, including partnerships with Portland General Electric and the University of Michigan Transportation Institute.Utilidata's revenue model is primarily B2B, involving the sale and deployment of its AI-driven grid solutions to utility companies. The company collaborates with clients for ongoing support and data services, which may include subscription-based access to software updates and analytics tools, allowing for continuous revenue as utilities integrate Utilidata’s technology. Their offerings, such as GPU-based modules for electric management, cater to enhanced data processing capabilities in the energy sector.In April 2025, Utilidata, Inc. raised USD 60.32 mn in Series C funding to support the rapid scaling of its Karman distributed AI platform, enhancing AI capabilities across energy infrastructure for improved efficiency, resilience, and security. The company aims to expand into urban and suburban areas actively investing in grid modernization and sustainability initiatives, thereby broadening its geographical footprint.

## Funding rounds

- Series C, May 28, 2026, $40M — Keyframe Capital Partners, Renown Capital Partners
- Series C, Apr 16, 2025, $60M — Quanta Services, Inc., Keyframe Capital Partners, NVentures, Renown Capital Partners
- Series B, Jan 10, 2024, $31M — Braemar Energy Ventures, MUUS, NVIDIA Corporation, Moore Strategic Ventures, Keyframe Capital Partners, Microsoft Climate Innovation Fund
- Series B, Dec 10, 2021, $27M — Braemar Energy Ventures, Formation8, American Electric Power, Aramco Ventures

## Investors

- Braemar Energy Ventures (https://capitalatlas.ai/funds/braemar-energy-ventures) — Series B
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series B
- American Electric Power — Series B
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series B
- MUUS (https://capitalatlas.ai/funds/muus) — Series B
- NVIDIA Corporation — Series B
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B
- Keyframe Capital Partners — Series B, Series C
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series B
- Quanta Services, Inc. — Series C
- NVentures — Series C
- Renown Capital Partners (https://capitalatlas.ai/funds/renown-capital-partners) — Series C