Gridware, a company specializing in power grid monitoring, has raised $26.4 million in Series A funding led by Sequoia Capital. The funding will support the production of its Gridscope devices and expand its monitoring platform, which provides utilities with real-time data to improve grid reliability and safety.
Gridscope’s sensors and analytics tools monitor grid health 24/7, detecting issues like falling branches or equipment faults. This technology helps utilities identify problems faster, reducing outages and enabling better maintenance planning. Some utilities using Gridscope have cut outage durations by more than 70%.
The company, co-founded by Tim Barat, Abdulrahman Bin Omar, and Hall Chen, grew out of experiences with power grid challenges, including Barat’s work as a lineman during Australia’s Black Saturday bushfires in 2009. Following a pilot with California’s PG&E, Gridware’s technology is now deployed across 10 U.S. states.
This latest funding will allow Gridware to scale manufacturing, grow its team, and partner with more utilities, as it continues to develop tools for managing grid infrastructure more effectively.
