Rhizome, a Washington, DC-based provider of a climate resilience planning platform for the power grid, raised $6.5M in Seed funding.
The round was led by Base10 Partners. Other investors included MCJ, CLAI, Convective Capital, El Cap, Streetlife Ventures, Stepchange, and Everywhere.
The company intends to use the funds to scale its AI platform and team.
Launched in 2023 and led by CEO Mishal Thadani, Rhizome supports utilities by helping them model the impacts of increasingly severe extreme weather events against their systems. By leveraging AI against climate risk data and digital representations of the physical grid, its platform identifies vulnerabilities and prioritizes resilience investments and upgrades.
Its flagship product, gridADAPT, supports long-term infrastructure planning by helping utilities prioritize investments that improve reliability and resilience. This was followed by the launch of gridFIRM, a platform for wildfire risk mitigation, and most recently, gridCAVA, a climate vulnerability assessment tool designed specifically for municipal and cooperative utilities.
Built on Rhizome’s scalable, cloud-based Aspen platform, these tools round out a portfolio of climate resilience planning tools designed to model current and future climate risk against utility infrastructure, available to utilities across Rhizome’s expanding geographical footprint.
Current customers include Avangrid, Seattle City Light, Vermont Electric Power Company (VELCO), Vermont Electric Cooperative (VEC). Rhizome also has a range of strategic collaborations that include EPRI’s Climate READi, KPMG, Black and Veatch, and the University of Connecticut.
FinSMEs
21/05/2025