Gridware has secured a $55 million Series B strategic growth round led by Tiger Global and Generation Investment Management, marking a significant step in the company’s efforts to expand its continuous grid monitoring technology across the United States and into new international markets. The round also includes continued participation from Sequoia Capital, Convective Capital, Fifty Years, True Ventures, Lowercarbon, and Y Combinator.
The new investment supports Gridware’s pole-mounted Gridscope system, a platform that enables Active Grid Response by delivering real-time visibility into grid conditions. By analyzing mechanical, electrical, and environmental signals, the technology pinpoints both the source and location of outages, enabling utility crews to respond more quickly and in safer conditions. Gridware said that the system is already helping utilities restore power more efficiently and, in some cases, prevent failures entirely, contributing to greater resilience across the electricity distribution network.
Gridware has deployed tens of thousands of Gridscope devices throughout the United States. Its utility partners collectively serve about forty percent of the nation’s electricity customers. One partner, Duquesne Light Company in Pittsburgh, Pennsylvania, recently received the Charles Steinmetz Top Innovator in Network or Grid Operations Award from Public Utilities Fortnightly in recognition of its early rollout with Gridware. The collaboration has expanded significantly, including the deployment of more than 1,700 additional Gridscope systems across the region.
The company expects the new capital to accelerate its international growth strategy, noting that utilities worldwide are facing increased pressure from aging infrastructure, rising energy demand, and more frequent disruptions from extreme weather. Gridware plans to engage with utilities and regulators in the United Kingdom and continental Europe to explore how its technology can support power restoration efforts, utility safety, and long-term reliability.
Generation Investment Management, the London-based growth equity investor participating in the round, emphasized the global importance of real-time and cost-effective grid observability. The firm highlighted Gridware’s potential to contribute not only to grid resilience but also to community safety and more equitable access to power resources.
With the Series B funding, Gridware plans to expand its manufacturing capacity, scale deployment operations, and continue enhancing its operating model to meet the needs of utilities managing multi-year regulatory and infrastructure programs. The company is actively scaling its engineering teams across hardware, firmware, software, data science, machine learning, and applied research to advance both current and next-generation technologies.
KEY QUOTES:
“Our work with U.S utilities shows how real-time visibility and cost-effective fault identification can meaningfully improve the way distribution grids operate. We’re now seeing global interest in this more modern approach to grid operations. The latest funding allows us to continue to support utilities in the U.S. while also preparing for international deployments.”
“Utilities worldwide are facing similar pressures: increasing demand and aging infrastructure. Operators are looking to improve reliability without costly system overhauls. Gridware is well positioned to help.”
Tim Barat, Co-Founder and CEO, Gridware
“Gridware’s unique approach to real-time grid monitoring strongly supports Duquesne Light Company’s core mission to deliver safe, reliable power to our customers. After a successful pilot phase, we deployed 1,700 additional Gridscope devices across the Pittsburgh region for greater visibility into grid conditions – helping us respond to issues with increased precision and speed.”
Josh Gould, Director of Advanced Grid Solutions and Strategic Planning, Duquesne Light Company
“Gridware solves a critical need for low-cost, real-time grid observability, enabling grid resiliency through a true systems-level solution. However, Gridware does not just help the grid rise to the challenges it faces, we believe it can also help us build an energy system that works better for everyone, including providing for safer communities and more equitable power consumption.”
Dave Easton, Partner, Growth Equity, Generation Investment Management
