Founded in 2016 and headquartered in Vienna, HYDROGRID develops a SaaS platform that combines machine-learning-based inflow and power-price forecasting with intelligent optimization across short-, medium- and long-term horizons. The software enables hydropower plant operators to manage inflows, regulatory constraints, water usage and power trading in real time, effectively digitizing the entire workflow from water to money. Its solution is already used by hydro operators in seven countries. By improving operational efficiency, the company aims to maximize renewable electricity output while supporting a zero-carbon energy transition. Revenue, user counts, or other financial metrics were not disclosed in the article, but the business is characterized as a scale-up serving a global client base. The newly raised capital will be directed toward accelerating growth and expanding into additional markets.

Total raised

$9M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2023