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Synopsis
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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