What does Rhizome do?
Rhizome is a provider of a climate resilience planning platform that uses AI, digital grid models, and climate risk data to help utilities identify vulnerabilities and prioritize infrastructure investments. Its suite of tools, including gridADAPT, gridFIRM, and gridCAVA, assists utilities in modeling and mitigating the impacts of extreme weather events.
How much did they raise?
The company raised $6.5M in Seed funding, with Base10 Partners leading the round and participation from investors such as MCJ, CLAI, Convective Capital, El Cap, Streetlife Ventures, Stepchange, and Everywhere.
What are their plans for the money?
Rhizome intends to use the funds to scale its AI platform and expand its team, which will enhance its ability to help utilities protect their grids and customers from the impacts of extreme weather events.
What have they achieved so far?
Since its launch in 2023, Rhizome has made significant strides with products like gridADAPT, gridFIRM, and gridCAVA, established strategic collaborations with entities such as EPRI, KPMG, Black and Veatch, and earned key customers including Avangrid, Seattle City Light, VELCO, and VEC.
