What does Utilidata do?
Utilidata specializes in edge AI technology, offering a distributed AI platform called Karman built on a custom NVIDIA module. The platform is designed to embed intelligence into any grid-connected device, enabling advanced monitoring and management of energy systems.
How much did they raise?
In its Series C round, Utilidata raised $60.3M, led by Renown Capital Partners with participation from Quanta, NVIDIA, and Keyframe Capital.
What are their plans for the money?
The company intends to use the funds to rapidly scale the Karman platform, boosting the deployment of AI-enabled infrastructure at scale. This expansion is expected to enhance grid capabilities and support modern power grid innovations.
What have they achieved so far?
Utilidata has made significant progress over the past four years by developing the Karman platform in collaboration with NVIDIA. Additionally, its recent partnerships with Deloitte and Quanta Services have strengthened its market position in the energy sector.
