Gridware, a Walnut Creek, Calif.-based wildfire prevention technology company, raised $5.3m in seed funding.
The round was co-led by Fifty Years and True Ventures, with participation from Y-Combinator, Liquid 2 Ventures, Wireframe Ventures, SOMA Capital, Anorak Ventures, and other funds and angels.
The company intends to use the funds to accelerate its engineering and R&D efforts and expand its utility partnership network.
Co-founded by Hall Chen, Tim Barat, and Abdulrahman Bin Omar, Gridware provides sensing technology that detects and predicts grid failures to empower utilities to prioritize upgrades and respond to incidents before they can lead to catastrophic wildfires. The company is building a system that provides millimeter visibility into the internal integrity of each and every grid component transporting electricity through high fire threat areas.
Gridware is currently hiring for several engineering roles based in the San Francisco Bay Area.
FinSMEs
24/05/2021