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Announced

Completed

Moore Strategic Ventures led a $27m funding round in Utilidata.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Friendly

Venture Capital

analytics

machine learning

Software

software

Acquisition

Single Bidder

Private Equity

Completed

United States

Minority

Synopsis

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Moore Strategic Ventures, a privately held investment company, led a $27m funding round in Utilidata, a grid-edge software company, with participation from Microsoft Climate Innovation Fund, NVIDIA, Keyframe Capital, Braemar Energy Ventures, and MUUS Asset Management. "Today's power grid is limited in its ability to support society for the long-term. Applying AI and machine learning will improve that foundation for a safe, efficient, sustainable network that enhances daily life. We are working with Utilidata to bring increased grid resiliency, real-time smart operations, and incorporation of clean energy sources, all to the benefit of the consumers who rely on it," Marc Spieler, NVIDIA Head of Global Energy Business Development.

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