Switched Source

Karman (formerly Utilidata), founded in 2011 in Providence, USA, develops distributed AI software embedded in smart meters to help utilities optimize grid performance and integrate renewable energy.

Series C · $60M · 2025-05

Urbint, founded in 2015 in Miami, USA, provides AI-driven risk management tools that help utility and infrastructure companies respond to storms and extreme weather events.

Undisclosed · $35M · 2024-10

Texture, founded in 2023 in New York, provides a unified operations layer for electric utilities and cooperatives to monitor and manage grid infrastructure, distributed energy resources, and real-time network data.

Series A · $23M · 2026-05

Jiuzhang Zhidian (legal entity: Beijing Jiuzhang Zhidian Technology Co., Ltd.) is a Beijing-based company working on AI for electricity trading, developing algorithms for China's market-based power trading and grid dispatch scenarios, with applications in intelligent decision-making for regional grids and power transactions. The registered entity dates to 2019 under its former name Beijing Jingcheng Junan International Consulting Co., Ltd., and was renamed and repurposed to its current business in August 2025.

Strategic · 2026-09

KiWi New Energy Inc. (奇異果新能源), founded in Taipei in May 2019 by Dr. Steve Huang with an office in San Mateo, runs AI-EDC, an AI-driven platform that forecasts load and matches distributed solar/wind supply with multi-site retail and SME demand on a 15-minute planning loop, with storage control and traceable green-power certificates. Its flagship deployment spans 1,000+ FamilyMart stores in Taiwan integrated with Tesla Energy storage; Decathlon is also a customer.

Continuum Industries, founded in 2018 in Edinburgh, uses AI to help utilities plan routes for power lines, onshore and offshore cables, and pipelines for hydrogen, water, and CO2. The platform compresses what was previously a 12-month manual planning process down to just 8 weeks.

Series A · $10M · 2023-09

StormHarvester, founded in 2019 in Belfast, UK, uses artificial intelligence to help wastewater utilities manage their networks more effectively. StormHarvester has become a trusted partner for UK sewage treatment companies, with its software adopted by 75% of UK water companies.

Series A · $10M · 2025-01

Space Solar is a UK company based at Harwell Campus developing the CASSIOPeiA space-based solar power satellite and RF power-beaming technology to deliver continuous clean baseload electricity to ground rectennas. It has a letter of intent with Reykjavik Energy and a partnership with Thales Alenia Space.

$7M

Gridraven, founded in 2023 in Tallinn, Estonia, develops AI-driven software that helps grid operators increase the capacity of existing transmission lines by up to 30% per year without installing new hardware.

Undisclosed · $4M · 2025-02

Gridsight is an AI grid intelligence company headquartered in Sydney, Australia, founded in 2020. It builds AI models and digital-twin technology that combine utility network data with smart-meter readings to give electricity utilities a dynamic, decision-ready view of network capacity, helping them connect new demand faster, better utilise existing infrastructure, direct investment where needed, and integrate distributed energy resources such as rooftop solar, batteries and EVs.

Series B · 2026-09

Circu Li-ion, founded in 2021 in Luxembourg, automates the battery recycling process.

Seed · $5M · 2023-11