All the funding deals in the power grid market
Last updated: 13 July 2026
In our updated market reports, you will find everything you need
The power grid market is attracting strong investor interest as electricity demand, renewable energy, data centers, and grid congestion increase worldwide.
We conducted deep research and collected 39 funding deals in the power grid market between Q1 2024 and Q2 2026.
We refresh this page very often to add new power grid market funding deals and update existing information.
Insights
- The 39 power grid market funding deals raised a combined $1.28 billion between Q1 2024 and Q2 2026.
- Power grid market companies raised $510 million during the first half of 2026. This represents almost 40% of all funding identified in this research.
- Heron Power completed the largest power grid market funding deal. The solid-state transformer company raised $140 million in Q1 2026.
- The five largest power grid market deals represented $423 million. This equals about one-third of the total funding identified.
- Investors are backing technologies that increase grid capacity without requiring utilities to build entirely new transmission networks.
- Power grid market funding is moving beyond software. Large rounds are also supporting transformers, power electronics, sensors, robotics, and transmission equipment.
- Artificial intelligence is becoming an important part of the power grid market. Companies use AI for planning, inspections, capacity forecasting, risk detection, and grid operations.
- Data center electricity demand is creating new opportunities for power grid market companies that can accelerate connections and improve power availability.
- Several power grid market companies raised more than one round during the period. Neara, Heron Power, and Utilidata returned with larger or additional funding rounds.
- Power grid market investors are supporting both utility-scale infrastructure and smaller distributed systems, including smart meters, electric vehicles, batteries, and virtual power plants.
Summary table of the funding deals for the power grid market since 2024
We define the power grid market as infrastructure, equipment, software, and services used to transmit and distribute electricity.
It includes Transmission Networks, Distribution Networks, Grid Operations Software, Substation Equipment, Grid Planning Services, and Smart Metering Systems.
It excludes broader adjacent markets unless the product is built specifically for this use case.
We focused exclusively on pure players, defined as companies with at least 70–80% of their business directly tied to the power grid market.
Our analysis has been done at a global level with a minimum funding threshold of $300k.
If you want a longer-term view, we also have a study of how funding activity in the power grid market has changed over the years.
| Name | What they do | Amount in $ | Quarter | Source(s) |
|---|---|---|---|---|
| GridCARE | Maps available grid capacity and helps energy projects secure faster power connections. | $64.0M | Q2 2026 | Business Wire |
| Texture | Provides grid visibility, operational workflows, and flexibility software for utilities and equipment manufacturers. | $12.5M | Q2 2026 | Texture |
| Utilidata | Provides embedded AI for real-time power visibility and energy infrastructure management. | $40.0M | Q2 2026 | Utilidata |
| Critical Loop | Builds modular systems that help industrial sites connect to the power grid faster. | $26.0M | Q2 2026 | Critical Loop |
| Kimbal | Develops smart meters and grid-edge systems for electricity distribution networks. | $22.0M | Q2 2026 | Business Standard |
| Heron Power | Builds solid-state transformers for data centers, batteries, solar systems, and power grids. | $140.0M | Q1 2026 | TechCrunch |
| DG Matrix | Develops solid-state transformers and power-conversion equipment for modern electricity infrastructure. | $60.0M | Q1 2026 | Business Wire |
| ThinkLabs AI | Develops AI software for power-flow simulation, grid planning, and electricity network operations. | $28.0M | Q1 2026 | VentureBeat |
| metiundo | Provides smart metering installation, operation, and energy data services for buildings. | $47.5M | Q1 2026 | metiundo |
| Neara | Creates digital twins for utility planning, grid capacity analysis, resilience, and asset management. | $63.0M | Q1 2026 | WSJ |
| Derapi | Provides APIs that connect distributed energy devices with utilities and grid software. | $7.0M | Q1 2026 | PR Newswire |
| Infravision | Uses aerial robotics to build, maintain, and upgrade electricity transmission lines. | $91.0M | Q4 2025 | GIC |
| Gridware | Monitors power lines continuously to detect faults, outages, and wildfire risks. | $55.0M | Q4 2025 | Business Wire |
| GridStrong | Automates grid interconnection, compliance, reliability, and regulatory work for power asset owners. | $10.0M | Q3 2025 | PR Newswire |
| AssetCool | Uses robotics and coatings to increase the capacity of overhead power lines. | $12.8M | Q3 2025 | Taronga Group |
| Utilidata | Deploys distributed AI through meters and grid infrastructure for real-time utility control. | $60.3M | Q2 2025 | Utilidata |
| Heron Power | Builds power electronics that simplify grid connections for renewables and data centers. | $38.0M | Q2 2025 | Capricorn Investment Group |
| Gridsight | Helps distribution networks plan for renewable energy, electric vehicles, and changing electricity demand. | $4.9M | Q2 2025 | SmartCompany |
| Smart Wires | Redirects electricity flows to reduce congestion and increase usable transmission capacity. | $65.0M | Q1 2025 | Smart Wires |
| IONATE | Builds intelligent transformers that improve power quality, voltage control, and grid monitoring. | $17.0M | Q1 2025 | Tech.eu |
| Gridraven | Forecasts safe power-line capacity using weather, grid data, and artificial intelligence. | $4.2M | Q1 2025 | Gridraven |
| Urbint | Uses AI to identify safety and infrastructure risks across utility operations. | $35.0M | Q4 2024 | Urbint, PR Newswire |
| eSmart Systems | Uses AI to inspect power lines and manage digital records of grid assets. | $32.4M | Q4 2024 | eSmart Systems |
| Neara | Creates digital models for utility planning, grid resilience, and infrastructure upgrades. | $31.0M | Q4 2024 | PR Newswire |
| WeaveGrid | Helps utilities manage electric vehicle charging and reduce pressure on electricity networks. | $28.0M | Q4 2024 | WeaveGrid |
| SpotmyEnergy | Provides smart meters and household software for real-time electricity monitoring and optimization. | $11.1M | Q4 2024 | ESG Today |
| Gridware | Uses pole-mounted sensors to detect grid faults, outages, and wildfire risks. | $26.4M | Q3 2024 | Gridware |
| Heimdall Power | Uses sensors and software to increase the capacity of existing transmission lines. | $25.0M | Q3 2024 | Business Wire |
| Splight | Uses AI to reduce grid congestion and connect more renewable energy. | $12.0M | Q3 2024 | ESG Today |
| Paces | Provides grid and location data for clean energy project development. | $11.0M | Q3 2024 | Paces |
| Piclo | Operates marketplaces where grid operators buy electricity flexibility from energy asset owners. | $0.5M | Q3 2024 | Tech.eu |
| GridBeyond | Uses AI to manage flexible electricity demand, batteries, and virtual power plants. | $55.0M | Q2 2024 | Axios |
| Reactive Technologies | Measures grid stability, inertia, system strength, and electrical disturbances in real time. | $31.4M | Q2 2024 | Reactive Technologies, M&G |
| enspired | Optimizes batteries and flexible energy assets across short-term electricity markets. | $27.5M | Q2 2024 | Energy Trading Week |
| Virtual Peaker | Helps utilities manage distributed energy resources, electricity demand, and customer programs. | $11.3M | Q2 2024 | Tracxn |
| Electricity Maps | Tracks electricity sources and carbon intensity across power grids worldwide. | $5.4M | Q2 2024 | Press Release, ESG Today |
| AiDash | Uses satellites and AI for vegetation management, wildfire prevention, and grid maintenance. | $58.5M | Q1 2024 | WSJ, Marubeni |
| Camus Energy | Helps utilities manage distributed energy, electrification, renewable generation, and grid operations. | $10.0M | Q1 2024 | Business Wire |
| tibo energy | Helps commercial sites manage flexible energy assets, congestion, and grid limits. | $3.3M | Q1 2024 | Tech.eu |
Related blog posts
- Which startups are the most valued in the power grid market?
- How strong is fundraising in the power grid market right now?
- Which startups have raised the most funding in the power grid market?
