Urbint, a leading AI platform for identifying and mitigating threats to workers, critical infrastructure, and communities, announced a $35 million strategic investment round led by S2G Ventures with participation from Energize Capital, Blue Bear Capital, National Grid Partners, Zoma Capital and Climate Investment, positioning Urbint to advance its resiliency and storm response solutions for utilities, as an already devastating hurricane season is not yet over.
Urbint for Storm Response is a centralized platform for managing the entire storm and natural disaster response process, which includes handling logistics, managing emergency work, and allocating resources in real time. Through Urbint, utilities secure contractors faster, manage crew lodging and meals better, use response dollars more efficiently, and shorten restoration times.
Urbint’s AI-powered risk mitigation solutions enables utilities to identify threats and target their resources to prevent incidents and improve safety and reliability. And many of the largest utilities in the country, including Southern Company, Exelon, and National Grid, trust Urbint to help them protect underground infrastructure, prevent serious injuries and fatalities, and respond to and restore power faster after major weather events.
KEY QUOTES:
“Hurricanes Helene and Milton were a stark reminder of the impact that climate change and major storms can have on our electrical grids. This strategic investment from S2G will enable us to provide a broader offering of storm response solutions to utilities, helping them to restore power faster and save lives in the process.”
– Corey Capasso, CEO of Urbint
“As we have seen in recent months, the higher frequency and intensity of storms poses a significant threat to our energy infrastructure. Our view is that resiliency against extreme weather events is of the utmost importance for utilities and there is a strong urgency to invest in mitigation and adaptation measures. Urbint’s software offers utilities the ability to adapt to climate change while improving grid uptime and safety. We believe that Urbint is poised to play a pivotal role in transforming how utilities manage risk and battle climate change.”
– Bala Nagarajan, managing director of S2G’s Energy Investment team
