AutoGrid raises $32 million in Series D funding

Artificial intelligence-based energy optimisation and control provider, AutoGrid has raised $32 million in a series D funding from a set of energy investors including CLP Holdings Group, innogy, Ørstead, and Tenaska.

With this round, the company has raised $75 million.The company’s existing investors – Energy Impact Partners, Envision Ventures, Total Energy Ventures, Clearsky Power & Technology Fund, E.ON and Foundation Capital – also participated in the current round.

The current round of $32 million represents the largest infusion to date in any pure-play software platform focused on applying AI to real-time optimisation and control of flexible energy resources, the company said in a release.

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This round is led by a global consortium of energy companies, and it includes seven of the 10 largest utilities in North America.

AutoGrid builds software applications that utilise artificial intelligence, machine learning, big data and IoT technologies to enable a cleaner distributed energy world.

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