Gridware, a San Francisco-based company specializing in continuous monitoring solutions for power grids, has successfully raised $26.4 million in a Series A funding round. The investment was led by prominent venture capital firm Sequoia Capital.
The funding will be utilized to expand the production of Gridware’s flagship product, the Gridscope device, and to enhance its accompanying monitoring and analytics platform. This initiative aims to strengthen the company’s ability to deliver cutting-edge technologies that help utility providers ensure the reliability and resilience of their power grids.
Under the leadership of CEO Tim Barat, Gridware has developed innovative technologies designed to empower utility companies with real-time insights into grid health. By employing a network of advanced Gridscope sensors equipped with on-device analytics, the platform offers continuous and comprehensive monitoring of critical grid infrastructure. A standout feature of the system is its ability to maintain uninterrupted monitoring capabilities even when power lines are de-energized, thanks to its independent power supply.
Gridware’s solutions are already making an impact. The company launched a pilot program with Pacific Gas & Electric (PG&E) in California last year, which quickly evolved into a large-scale deployment. Today, their technology monitors over 1,000 miles of power lines and 10,000 utility poles. Building on this success, Gridware’s solutions are now employed by utilities across North America, serving millions of customers in more than ten U.S. states.
By providing utilities with actionable insights and reliable grid monitoring capabilities, Gridware is playing a pivotal role in modernizing the power grid and ensuring uninterrupted energy supply to homes and businesses across the country.
