Home Economy Economic Activity Utilidata raises $60.3M in Series C funding for AI-based energy grid technology

Utilidata raises $60.3M in Series C funding for AI-based energy grid technology

UTILIDATA INC., a Providence-based software company developing AI-based energy grid technology, has raised $60.3 million in Series C funding. 

PROVIDENCE – Utilidata Inc., a city-based software company developing artificial intelligence-based energy grid technology, has raised $60.3 million in Series C funding.  Utilidata plans to use the cash infusion to rapidly scale Karman, its distributed AI platform developed in collaboration with NVIDIA. By enabling high-power computing and AI capabilities to be embedded directly into grid

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