ThinkLabs AI, an AI-powered grid intelligence company, announced it has raised $28 million in a Series A funding round led by Energy Impact Partners, with participation from NVentures and Edison International.
The funding round also included existing investors such as GE Vernova, Powerhouse Ventures, Active Impact Investments, Blackhorn Ventures, and Amplify Capital, along with a large North American investor-owned utility.
Based in New York, ThinkLabs AI is focused on applying physics-informed artificial intelligence to modernize electric grid infrastructure. The company’s platform enables utilities to simulate, plan, and optimize grid operations at significantly greater speed and scale than traditional tools.
The investment comes as electricity demand surges, driven by artificial intelligence workloads, data centers, electrification, and digital infrastructure expansion. According to ICF International, U.S. electricity demand is projected to grow by 25 percent by 2030, placing increasing strain on legacy grid systems.
ThinkLabs AI addresses these challenges with high performance simulation technology that compresses processes that traditionally take months into minutes. Its platform can run up to 10 million scenarios in 10 minutes while maintaining more than 99.7 percent accuracy on grid power flow, enabling utilities to identify constraints and solutions faster.
The company’s approach emphasizes physics-informed AI models, which provide greater transparency, explainability, and auditability compared to black box systems. This is particularly critical for regulated infrastructure such as electric utilities, where reliability and trust are essential.
ThinkLabs AI plans to use the new funding to expand customer delivery, enhance its product portfolio focused on AI-powered digital twins and agents, and scale deployment with ecosystem partners. The company aims to help utilities manage rapid load growth, data center expansion, and system capacity constraints.
KEY QUOTES:
“The grid is the most critical infrastructure on earth right now, and it’s being asked to do something it was never designed to do. The legacy tools and processes utilities currently rely on can take months to complete a single study, cost tens to hundreds of thousands of dollars in engineering time, and the results are out of date the moment the study is finished. ThinkLabs’ AI-native high performance grid simulation model not only shows you the problems but also gives you the best solutions. What’s significant about this investor group isn’t just the capital. It’s the alignment. When technology and utility industry leaders come together in the same round, it reflects the importance of both the challenge and the opportunity in front of us. I’ve spent my career working with utilities to build technologies that help them plan and operate the grid, and ThinkLabs represents the culmination of that journey as we partner with the industry to tackle the challenges of the 21st century power system.”
Josh Wong, CEO, ThinkLabs AI
“Utilities are being asked to add capacity on timelines the industry has never seen before, and the stakes extend far beyond the energy sector. Energy is the foundation on which economic growth, technological progress, and national security depend, and the grid has to be ready for that. ThinkLabs AI delivers the speed, accuracy, and transparency that utilities need to meet this moment.”
Sameer Reddy, Managing Partner, Energy Impact Partners
“As the parent company to a utility, we understand these challenges firsthand. We must rapidly transition from legacy planning tools and processes to meet the growing demands on the electric grid, new AI-native solutions are needed to transform our capabilities, while also driving speed and cost savings in interconnection, system planning, and grid operations. ThinkLabs is applying cutting-edge AI and automation to address these challenges.”
Sergej Mahnovski, Managing Director of Strategy, Technology and Innovation, Edison International
