Grid Status, a Chicago, IL-based modern data and analytics platform for the electric grid, raised $8M in funding.
The round was led by Energize Capital. Investors joining the round included Nat Friedman and Daniel Gross (NFDG Ventures), Rayburn Electric Cooperative, Evergreen Climate Innovations and other individual investors.
The company intends to use the funds to scale its team and product to meet the data demands of the rapidly changing energy industry.
Led by CEO Max Kanter, Grid Status provides an open platform to understand what’s happening on the electrical grid. With organized and reliable data, it empowers the next generation of energy innovators to focus on building new solutions without having to maintain their own complex data pipelines.
The platform collects, standardizes, and analyzes hundreds of energy datasets, enabling users to create dashboards, leverage analytics tools through Grid Status Pro, and gain data access via APIs and integration with enterprise data warehouses like Snowflake.
FinSMEs
21/08/2024