Participated · Safe · Aug 2025

Splight is a San Francisco–headquartered grid technology company that deploys machine-learning solutions through its Dynamic Congestion Management™ (DCM) product. DCM ingests real-time grid data and uses a proprietary ML algorithm to turn Fast-Responding Assets (FRAs) such as battery storage and data centers into operational tools that can reliably unlock up to 100% more transmission capacity versus traditional approaches. The company reports over 3 gigawatts of grid assets under management and has offices in Texas, Chile, and Spain. Splight plans to accelerate DCM deployments across the U.S. and Europe and to launch new technical capabilities including AI-Enabled Electrical Studies for Data Centers, enhanced DCM algorithms, a DCM Sandbox modeling tool, and Real-Time Simulation (RTS). It will also expand its San Francisco headquarters along the Embarcadero and grow its Bay Area technology and product teams. Commercially, Splight targets utilities, renewable developers, and large loads to reduce curtailment, shorten interconnection timelines, increase reliability, and maximize use of existing transmission infrastructure. Splight is a San Francisco, CA-based AI startup developing AI-based technology for advanced grid operations that tackles congestion using inverter-based resources (IBRs). Its platform aims to reduce curtailment and accelerate the connection of utility-scale renewable power plants as well as the deployment of distributed energy resources (DERs) and batteries. The company was founded by Thomas Vadora, Fernando Llaver, and Carlos Caldart. Splight raised $12M in Seed funding. It intends to use the funds to expand its North America and EU presence and to grow its development, implementation, and leadership teams.

Participated · Series D · Dec 2024

ConnectDER develops meter-socket hardware that accelerates interconnection of solar, battery storage, and EV charging by turning the meter socket into an all-in-one connection point. The company’s next-generation Meter Socket Adapter (MSA), the IslandDER™, enables seamless islanding of solar, batteries, EVs and other DERs to provide whole-home backup and resiliency. Its products install in minutes and are marketed as costing 10% or less than typical service-panel or utility interconnect upgrades, addressing an estimated U.S. market where 60 million homes lack capacity for solar or EV charging without costly upgrades. ConnectDER reports over 25,000 adapters in operation and approvals to sell in more than 20 states covering over 16 million households. The company has public endorsements from partners such as Blue Raven Solar and is positioning its offerings to simplify installations, reduce errors, and expand entry-level installer jobs. ConnectDER plans to use new capital to expand markets, scale manufacturing, and continue product innovation aimed at nationwide sales in the next few years. ConnectDER develops meter-collar technology that provides a low-cost, one-hour install in a single device to upgrade residential electric power systems for grid-ready solar photovoltaic integration regardless of a home’s age or amperage. The solution enables installations without complex and expensive upgrades to circuit-breaker panels or in-home wiring and without adding more amperage from the utility. ConnectDER’s product can be optimized to offer connections for electric vehicle chargers and backup power systems in the near future. Led by founder and CEO Whit Fulton and based in Philadelphia, the company is already operating in 17 states and has deployed over 15,000 units nationally to date. ConnectDER plans to use new funding to scale its existing solar adapter into new markets, launch a new EV product line, and develop a next-generation product suite for multi-asset electrification and integration. ConnectDER's flagship product, the Smart ConnectDER meter collar, turns the utility meter socket into a grid-ready, plug-and-play interface for residential solar, storage and EV charging. The meter collar enables rapid interconnection of grid-ready DERs, provides superior data to utilities, and offers a low-cost alternative to traditional wiring methods. The technology lowers installer costs while unlocking alternative tariff models and grid management capabilities for utilities. Utilities including Consolidated Edison, Arizona Public Service, Entergy, and Pennsylvania Power and Light deploy ConnectDER's solution. The company said it will use new capital to scale operations and supply chain and to enhance core solutions for energy storage and other fast-growing residential applications across North America. ConnectDER expects to launch several new products beginning with Smart ConnectDER Version 4 at DISTRIBUTECH. ConnectDER builds a meter collar hardware product that reduces upfront installation costs for rooftop solar and gives electric utilities real-time management over distributed energy assets. The device is designed to let residential solar connect to the grid cheaply, safely, and rapidly while avoiding home wall penetrations. The company says widespread deployment would cut greenhouse gas emissions, reduce environmental damage from fossil fuel extraction and combustion, and decrease reliance on government subsidies. ConnectDER’s solution also aims to enable highly managed distributed energy assets and boost grid resiliency. The company closed a $1.1M Series A, providing early-stage capital to advance commercialization and deployment. The funding was supported by a collaboration between PRIME Coalition and Investors' Circle and several philanthropic and impact-minded angel backers.

Participated · Equity · Oct 2024

Urbint is an AI platform led by CEO Corey Capasso that uses industry science to surface risk at the point of work and prevent safety incidents. The company’s core solution helps energy and infrastructure companies prevent worker injuries and asset damage by identifying threats to workers, critical infrastructure, and communities. Urbint offers a dedicated product, Urbint for Storm Response, which centralizes management of storm and natural disaster response, including logistics, emergency work, and real-time resource allocation. Many of the largest energy and infrastructure companies in North America use Urbint’s platform. The company raised $35M in strategic/growth equity funding and intends to use the proceeds to further develop resiliency and storm response solutions for utilities. No operating metrics or past-round financial details were provided in the article. Urbint provides a software platform that leverages real-world data and artificial intelligence to predict threats to workers and critical infrastructure and stop incidents before they occur. The platform delivers a clear picture of risk up to a week in advance, enabling decision makers to take action in the right place at the right time. Many of the largest energy and infrastructure companies in North America use Urbint to protect workers, assets, and communities; customers include National Grid and Southern Company. The company is led by founder and CEO Corey Capasso. Urbint intends to use the funding to scale its technology and introduce new solutions to meet demand for its incident prevention software. The company has raised a total of $109M to date. Urbint provides an AI-powered Field Risk Management platform that predicts and prevents threats to critical infrastructure and the workers who maintain it. The platform pinpoints risk across construction, servicing, replacement, and protection of infrastructure. More than 40 utilities and asset operators across North America use Urbint to make risk-driven safety decisions. Customers include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy. The company will use the $20M Series B to scale its Field Risk Management platform and expand into new industries and countries. Urbint is led by founder and CEO Corey Capasso. Urbint builds artificial intelligence software that quantifies and predicts risk across gas distribution infrastructure to help utilities allocate resources and reduce safety incidents. Its core product is an AI-based enterprise risk platform and a proprietary model that gives operators insight into external factors driving risk on distribution pipeline systems in real time. The company plans to accelerate development of that enterprise risk platform, advance R&D on risk-based solutions, and begin international expansion. Urbint recently acquired Opvantek, extending its software to assess risk on more than 25% of U.S. natural gas distribution pipelines. It now services the majority of the North American natural gas utility industry, including nine of the top ten largest gas utilities. Named utility partners include National Grid, Southern Company, Con Edison, Exelon, Dominion, NiSource, and Xcel Energy.

Participated · Series D · Jul 2024

LevelTen Energy operates a market-leading platform for clean energy transactions and environmental attribute certificate trading, facilitating power purchase agreements and related contracting. The company has helped facilitate more than 20 GW of clean energy transactions across more than 35 markets in North America and Europe on behalf of hyperscalers, commercial and industrial companies, and utilities. Headquartered in the United States, LevelTen positions itself as a marketplace connecting buyers, sellers and developers of renewable projects. Through the ABB strategic partnership and minority investment, LevelTen expects to expand its procurement capabilities and reach ABB's industrial and commercial customer base. The company's platform complements technologies such as battery energy storage systems, microgrids and advanced energy management solutions to support decarbonization and portfolio optimization. Financial terms of the recent investment were not disclosed.

Participated · Series C · Jul 2021

SonderMind operates a technology platform that connects individuals with therapists who accept their insurance and are a clinical fit, while providing therapists with billing, telehealth, clinical assessments and practice support. The company emphasizes personalized mental health journeys and data-driven, clinically verifiable outcomes for users. SonderMind’s platform handles matching, payments, telehealth and a full technology suite so clinicians can focus on care. The company says the new funding will accelerate expansion into all fifty states and bolster its technology capabilities. SonderMind positions itself around affordability and accessibility, aiming to help millions of Americans find the right therapist. As of the announced round, the company has raised a total of $183 million in capital. SonderMind operates a marketplace that connects consumers to licensed behavioral-health professionals while enabling clinicians to focus on care rather than running a practice. Its SonderMind Solution™ handles matching clients, payments, telehealth, a full technology suite, clinical assessments and a supportive team of behavioral-health experts. The company currently operates the largest integrated network of community behavioral-health professionals in Colorado and is expanding its business in Texas and Arizona. SonderMind intends to use new capital to accelerate entry into new markets, deepen and broaden enterprise partnerships with payors, employers and health systems, and further build out the technology platform that drives its solution. Leadership includes co-founder and CEO Mark Frank, and the company recently added Eric Roza and Kent Thiry to its board. SonderMind completed a $27 million Series B financing to support these growth plans. SonderMind offers the SonderMind Solution™, a behavioral-health platform that matches clients to vetted therapists while handling scheduling, payments, insurance coordination, and a lightweight EHR and practice-management tools. The product includes a matching platform that factors clinical fit and mutual preferences, a mobile app with voice notes, calendar and messaging, and support for provider billing and administration. The company operates the largest integrated network of community behavioral-health professionals in Colorado. SonderMind plans to expand beyond Colorado into Austin, Texas and Phoenix, Arizona in the near term and to scale the offering nationally. Financially, the company completed a $3 million Series A in April 2019 to support ongoing launch, program and technology initiatives and to hire key personnel. The company also appointed Jonathan S. Bush to its board as it executes its growth strategy from its Denver base.