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Utilidata Raises $60.3M to Transform Smart Meter Technology

5/1/2025

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Summary

Story summary

Utilidata, a Providence-based company, has secured an impressive $60.3 million in Series C funding to supercharge its AI platform, Karman. Spearheaded by Renown Capital Partners, this investment will revolutionize smart meters and grid infrastructure, optimizing power flow and forecasting demand. The result? Enhanced grid resilience and the promise of lower energy bills for customers.

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Story summary

Utilidata, a Providence-based company, has secured an impressive $60.3 million in Series C funding to supercharge its AI platform, Karman. Spearheaded by Renown Capital Partners, this investment will revolutionize smart meters and grid infrastructure, optimizing power flow and forecasting demand. The result? Enhanced grid resilience and the promise of lower energy bills for customers.