LineVision, a Somerville, MA-based provider of a real-time monitoring and analytics platform for electric utilities, raised $33M in Series C funding.
The round is led by Climate Innovation Capital and S2G Ventures, with participation from Microsoft Climate Innovation Fund and Marubeni, as well as existing investors including UP Partners, National Grid Partners, Clean Energy Ventures and Zoma Capital.
The company intends to use the funds to accelerate global growth of its Grid Enhancing Technology (GETs) platform, used by utilities around the world to increase the capacity, flexibility, and safety of their transmission grids and accelerate the transition to net zero.
Led by CEO Hudson Gilmer, LineVision provides electric utilities with the real-time monitoring and analytics needed to accelerate the net zero grid. Its patented non-contact sensors collect critical information to surface additional capacity on existing lines, provide insight into conductor health, and detect anomalies and risks. The system is rapidly deployed at scale without the need for scheduled outages, live line work, or specialized installation equipment.
In over four years since its founding, the company has deployed projects with National Grid, Dominion Energy, Duquesne Light Company, Xcel Energy, Tennessee Valley Authority, NYPA, SMUD, multiple Exelon companies, and several other North American utilities. LineVision also works with utilities across eight European countries, Marubeni, and other EPCOs in Japan, and Oceania.
FinSMEs
04/10/2022