The Technology team advised Gridware on their series-A funding of $26.4 million. The funding was led by Sequoia Capital, who joins existing investors Fifty Years, Lowercarbon, True Ventures, and Convective Capital. This raise provides additional capital to reach a broader set of utility partners, furthering Gridware’s goal to reshape the future of the electric grid.
Gridware is committed to building an intelligent power grid that leverages sensor technologies and predictive analytics to detect faults, anticipate threats, and ensure resilient, reliable, and safe energy delivery. As part of its continued growth and innovation, the company is proud to announce its move into San Francisco’s only net-zero, state-of-the-art building. This sustainably designed space will support team expansion and foster greater collaboration.
The deal team was led by John Casnocha, Sandy de Sauvage, and Nic Warren.
For more about this deal, please read the press release.