Buzz Solutions, a Palo Alto, CA-based AI company that inspects and protects critical energy infrastructure, raised $5M in funding.
The round was led by GoPoint Ventures with participation from Blackhorn Ventures and MaC Venture Capital.
The company intends to use the funds to fund its next growth phase and expansion into new use cases associated with inspecting and monitoring critical infrastructure.
Led by CEO Kaitlyn Albertoli, Buzz Solutions enables field teams to prioritize and perform maintenance in a timely manner reducing the likelihood of wildfires, forced shutdowns, and power outages resulting from failed grid infrastructure. It also enables utilities to monitor substation infrastructure for security, safety, and high-energy events.
Buzz works with several large utilities across North America, including the New York Power Authority and Southern California Edison.
The investment brought the total raised to $10.7M with a previous round of $3.3M from 2022 and two $1.2M convertible notes in 2020 and in early 2023.
FinSMEs
20/03/2024