Utilidata, a leader in embedded AI for power infrastructure, announced that it has secured an additional $40 million in Series C funding, completing a $100 million Series C round. The extension was led by existing investor Renown Capital Partners with participation from Keyframe Capital. The financing follows Utilidata’s initial $60.3 million Series C round announced in April 2025, which also included participation from Keyframe Capital, Quanta Services, and NVIDIA.
The new capital will support Utilidata’s commercialization efforts with hyperscalers and the data center market while helping expand its workforce. The company’s Karman power orchestration platform, developed in partnership with NVIDIA, is designed to unlock stranded power capacity by providing real-time visibility and control over power utilization within AI data centers.
Built on a custom NVIDIA Jetson Orin Nano module, Karman is embedded at the rack level of data centers and enables operators to manage rack power in real time. The platform aims to increase the efficiency of existing infrastructure by providing high-speed insights into power consumption and helping operators maximize available capacity.
As demand for AI infrastructure continues to grow, power availability has emerged as a major bottleneck. Utilidata believes intelligent power orchestration can help address challenges such as lengthy interconnection queues, increasing GPU density, and power quality issues that can affect both data centers and the electric grid. The company says Karman smooths power fluctuations, helping reduce grid impacts and supporting compliance with evolving reliability guidelines.
The funding extension comes ahead of Utilidata’s first commercial deployment with NexGen Cloud, which is scheduled to go live in Montreal next month. The deployment is expected to target up to 50% additional usable capacity.
To support its next stage of growth, Utilidata has appointed Kit Chee as Chief Commercial Officer. Chee previously helped scale Intel’s cloud sales business from $9 billion to $23 billion, secured hyperscaler customers at Ampere, and contributed to growth initiatives for an ASEAN-based neocloud provider.
The company is also planning to increase its workforce by 25% this year. Many of the new positions will be based at Utilidata’s headquarters in Ann Arbor, Michigan, where the company recently opened a 15,000-square-foot innovation lab with support from Governor Gretchen Whitmer.
Utilidata’s Karman platform was originally developed to bring real-time visibility and power-flow control to the electric grid through smart meter deployments. The company has since adapted the technology for AI data centers, where it aims to help operators maximize existing power resources and improve infrastructure efficiency.
KEY QUOTES:
“The AI infrastructure buildout is one of the defining themes of this decade, but power is a fundamental limitation. Karman directly solves that problem by getting more out of the power that is available. We’re deepening our commitment to Utilidata because the market need is urgent, the technology is ready, and we are confident that the team has what it takes to deliver.”
James McIntyre, Co-Founder & Managing Partner, Renown Capital Partners
“We’ve believed in this team for a long time, and this round reflects our conviction that Karman is the breakthrough technology at exactly the right moment. AI data centers can’t afford to wait for new power capacity. They need to maximize what they have now and that is exactly what Karman delivers.”
John Rapaport, CIO, Keyframe Capital
“Power availability is the defining constraint for data centers right now. Karman squeezes every watt out of the power you already have, and makes every new megawatt you bring online work smarter. We’re commercializing this at exactly the right moment, and we’re grateful for the investors who’ve backed us to do it.”
Josh Brumberger, CEO, Utilidata
