Gridware
Assembly Line
⚡️ Gridware Announces $26.4M Series A Funding Round led by Sequoia Capital
Gridware, a continuous power grid monitoring solution provider, today announced its Series A funding of $26.4 million led by Sequoia Capital. The funds will empower Gridware to further scale production of Gridscope devices and the Gridware monitoring and analytics service, which provides continuous power grid monitoring 24 hours per day to help utilities prepare for and respond to a growing number of risks. Gridware technologies enable a comprehensive service for power utilities to measure, understand, and take decisive action to protect the grid. By leveraging a network of advanced Gridscope sensors and on-device analysis, Gridware continuously monitors key grid assets, providing real-time insights into grid health. With multiple communication methods, including cellular, satellite, and device-to-device networking, Gridware ensures that grid operators receive timely alerts about hazards and faults, no matter when or where they occur. This integrated approach empowers utilities to take proactive action, improve safety, and enhance grid reliability.