Participated · Series A · Mar 2026

ThinkLabs AI builds a high-performance, physics-informed AI platform that simulates, plans and optimizes electric grid operations far faster than traditional tools. Its technology can run up to 10 million scenarios in 10 minutes while maintaining more than 99.7% accuracy on grid power flow, enabling utilities to identify constraints and solutions rapidly. The company emphasizes transparency, explainability and auditability in its models to meet regulated-utility requirements. ThinkLabs targets use cases including interconnection, system planning and operational studies as electricity demand grows from data centers, AI workloads and electrification. The recent $28 million Series A will fund expanded customer delivery, enhancements to AI-powered digital twins and agents, and scaled deployments with ecosystem partners. The company is based in New York.

Participated · Equity · Dec 2025

Founded in Melbourne in 2013 by RMIT Professor Alan Wong and Kokwai Leu, IND Technology builds Early Fault Detection (EFD) systems that use pole-mounted sensors to capture radio-frequency signals from stressed or failing electricity-grid components. The data are analysed in real time, allowing utilities to locate anomalies to within 10 metres and address them before they spark outages or bushfires. The company has sold roughly 15,000 EFD units across six countries and claims the technology has already prevented more than 500 fire events globally. Customers include AusNet Services, Powercor, Western Power and Endeavour Energy, and the firm now maintains operations in the United States, Canada and Malaysia. With the latest capital, IND plans to expand its machine-learning engineering team, enhance the EFD platform’s analytics capabilities and scale delivery, field support and deployments worldwide. Earlier in the year the company sought up to $60 million at an estimated valuation of $200-300 million, reflecting strong investor interest. By automating grid monitoring, IND aims to improve reliability, cut maintenance costs and reduce the social and economic impacts of electrical faults.

Participated · Equity · Aug 2024

TS Conductor manufactures high-performance electric conductors based on Aluminum Encapsulated Carbon Core (AECC) technology, deployable for reconductoring and new-build projects to expand grid capacity and enhance reliability. The company’s TS Conductor can leverage existing infrastructure and is suitable for projects that increase transmission capacity. TS Conductor’s ISO-certified Southern California facility is operating at near-full capacity, and the company is considering increasing that facility’s output in the near term. The recently raised funds will primarily support opening a second U.S. production facility east of the Mississippi River to meet strong customer demand. Utilities across North America, including Montana‑Dakota Utilities Company, Arizona Public Service, and the Tennessee Valley Authority, have already deployed TS technology. The company is led by CEO Jason Huang, PhD. TS Conductor produces a new class of overhead conductors that combine a carbon composite core with aluminum encapsulation to improve capacity and efficiency while remaining compatible with ACSR installation tools and field practices. The conductors can double the capacity of existing lines, cut technical line losses roughly in half, and enable insulation upgrades that reduce wildfire risk without retrofitting structures. The company positions its product as a deployable, lower-cost alternative for reconductoring, energy-efficiency upgrades, and new lines with lower structure costs. TS Conductor is a Minority Business Enterprise and a public benefit company focused on sustainable development and GHG reduction. The company was accepted into the first cohort of Third Derivative, a climate-tech accelerator founded by Rocky Mountain Institute and New Energy Nexus. With the announced financing, TS Conductor plans to build its first state-of-the-art manufacturing plant in the United States.

Participated · Series C · Apr 2024

AiDash provides full-stack SaaS solutions that combine satellites and AI to help critical infrastructure industries become climate-resilient and more sustainable. Its products serve customers in electric, gas, and water utilities, transportation, and construction by transforming asset inspection and maintenance. The company also helps customers comply with biodiversity net gain mandates and carbon capture goals. AiDash states customers deliver ROI in their first year of deployment through reduced costs, improved reliability, and achieved sustainability goals. The company is preparing to scale globally and execute on its growth ambitions following its recent raise. Financially, AiDash has raised a total of $91.5 million to date after closing an oversubscribed Series C at $58.5 million. AiDash provides satellite- and AI-powered vertical SaaS products for operations, maintenance, and sustainability, targeting utilities, energy, mining, and other industries with distributed assets. Its product suite includes an Intelligent Vegetation Management System, an Intelligent Sustainability Management System, and a Disaster and Disruption Management System (DDMS) that forecasts storm and wildfire outages and damages in near real-time. DDMS supports planning, response, and restoration for utilities, energy companies, governments, and cities before, during, and after extreme events. The company says the recent capital will be used to enhance product capabilities, accelerate R&D, hire new talent, and expand into additional global markets. AiDash reported nearly 3X year-over-year annual recurring revenue growth within 12 months, doubled headcount and customer base, and reached over 75 utility customers in 2022, including Fortune 500 companies. The company is positioning its technology to modernize electric grids, reduce vegetation-driven outages, and integrate with Schneider Electric’s EcoStruxure Grid Asset Advisor to drive grid resilience and sustainability. AiDash is an AI-first vertical SaaS provider that uses high-resolution multispectral and SAR satellite data fed into proprietary AI models to automate operations, maintenance, and sustainability for industries with geographically distributed assets. Its flagship Intelligent Vegetation Management System (IVMS) combines hi-res multispectral imagery and ground data to automate vegetation management for large utilities, with aims such as preventing wildfires and reducing storm damage. The company serves utilities, energy, transportation, water and wastewater, mining, and construction customers and now counts over 30 customers across the U.S., U.K., and Canada. In the past year AiDash grew customer count sixfold, annual recurring revenue fivefold, and headcount fivefold; it signed its first customer in early 2020. AiDash plans to use new capital to expand IVMS and other product offerings, accelerate product innovation, hire talent, and expand globally across North America, the U.K., and Europe. The company positions IVMS as the only proven satellite-powered vegetation management system and emphasizes multi-source data and workflow automation to help utilities meet stricter green regulations and improve disaster management. AiDash uses high-resolution multispectral and SAR satellite imagery combined with proprietary AI models to deliver satellite-powered operations and maintenance solutions for utilities, energy, and other industries with geographically distributed assets. Its applications focus on Vegetation Management, Remote Monitoring & Survey, and Disaster and Disruptions Management, and the company says its Intelligent Vegetation Management System is the world’s only satellite-powered vegetation management system deployed at scale for large utilities. AiDash works with several Fortune 500 utilities in the United States. The company is based in the San Francisco Bay Area (Santa Clara, Calif.) and plans to expand operations into Europe, Australia and Asia. AiDash raised $6 million in a Series A funding round and will use the proceeds to boost product innovation, hire new talent and support global expansion. The founding team are described as serial entrepreneurs and IIT alumni with prior exits and experience running Tier-1 VC-funded companies, and two investors’ representatives will join the board.

Participated · Series B · Nov 2023

Element Energy, based in Menlo Park, CA, develops adaptive battery management systems using proprietary hardware and software algorithms to improve safety, intelligence, and economics of large-format battery systems. Led by CEO Dr. Tony Stratakos, the company seeks to offer its technology across first- and second-life energy storage and EV applications. Its technology is being validated at scale with a 50 MWh pilot project in the United States, expected to be completed in early 2024. Element plans to collect necessary data from the pilot, obtain UL certification, and proceed to commercialize the product. The company closed $111M in financing (equity and debt) to support deployment as the battery storage market grows. The proceeds will be used to support deployment of its adaptive battery management systems.