Dealflow | October 27, 2024

S2G leads Urbint’s $35 million financing to help utilities respond to storms

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

Urbint, based in Miami, develops AI-powered software to help utilities and grid operators forecast damages to critical infrastructure and keep workers safe as they fix them. Hurricanes Helene and Milton left millions of homes and businesses without power; utilities were slow to respond.

The company’s “Urbint for Storm Response” helps utility partners such as National Grid, Exelon and Southern Company improve their responses to storm emergencies by securing contractors, managing crew lodging and allocating resources to where they’re most needed. 

Climate resilience

Climate change-driven heat and flooding is taxing aging infrastructure. Asheville, NC, and surrounding areas were without clean water for weeks after pipes burst and wastewater treatment plants shut down.

“The higher frequency and intensity of storms poses a significant threat to our energy infrastructure,” said S2G Ventures’ Bala Nagarajan. “Resilience against extreme weather events is of the utmost importance for utilities and there is a strong urgency to invest in mitigation and adaptation measures.”

Other investors in the $35 million round included Energize Capital, Blue Bear Capital, National Grid Partners, Zoma Capital and Climate Investment.