National Grid Partners has announced two new investments in data analytics startups.
The data analytics startups use artificial intelligence (AI) to protect critical infrastructure and ultimately help reduce costs for customers.
National Grid Partners led both funding rounds with $6 million in combined investment.
Since its launch in November 2018, the investment arm of utility National Grid has put $175 million to work in emerging technology companies and specialty venture funds.
The aim is to promote the development of a smarter and more renewable energy future.
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National Grid Partners’ latest portfolio additions are:
- Boston-based Aperio Systems, which uses AI and machine learning (ML) to analyse and monitor industrial sensor data in real time. Aperio’s data integrity platform enables customers in industries such as energy, mining and manufacturing to make better-informed decisions, reduce downtime and boost safety and security.
- Silicon Valley’s AiDash uses high-resolution satellite imagery coupled with AI to help utility and energy customers transform operations and maintenance activities like vegetation management, remote monitoring and disaster management. Its technology helps protect distribution grids from overgrown plant life that can spark disruptions or fires.
Lisa Lambert, president of National Grid Partners, said: “National Grid’s ambition is to become the most intelligent transmission network in the world.
“We are investing in and deploying technologies across our networks to enhance resilience and reliability, while more easily integrating clean energy.”
National Grid Partners’ focus areas include the Internet of Things, grid modernisation, security, cloud, AI, mobility, and data analytics, among others.