LineVision, Inc., a Semerville, Mass.-based provider of non-contact overhead power line sensor solutions to monitor, optimize, and protect critical energy delivery infrastructure, closed its $12.5m Series B financing round.
The round was led by UP Partners, with participation from new investors National Grid Partners, and existing backer Clean Energy Ventures.
The company intends to use the funds to accelerate growth.
Led by Hudson Gilmer, Chief Executive Officer, LineVision provides non-invasive solutions that monitor the condition and behavior of high-voltage transmission lines, and can improve line throughput, helping ensure optimal and reliable operation. The company’s V3 sensors collect real-time data on critical parameters of overhead power lines including line temperature, sag, horizontal motion, and anomalies.
In just over two years since its founding, LineVision has secured deals with National Grid, Dominion Energy, Xcel Energy, Tennessee Valley Authority, and several other North American utilities yet to be announced. The company also works with multiple European utilities through the Farcross Project, which aims to improve cross-border interconnections by utilizing Dynamic Line Ratings.