Provides a grid monitoring and management system that uses real-time fault detection, independent operation during outages, and condition-based asset tracking to improve utility infrastructure. This system reduces outage duration, minimizes wildfire risks, and extends asset lifespan by enabling precise maintenance and rapid response to grid failures.
Funding
$42.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+4Founders
Product
Problem
Utility companies face challenges in rapidly detecting and locating faults on the electrical grid, leading to prolonged outages, increased wildfire risk, and inefficient asset management. Traditional monitoring systems often lack real-time visibility and independent operation during outages, hindering timely response and preventative maintenance.
Solution
Gridware provides a grid monitoring and management system that enhances existing utility infrastructure with real-time fault detection, independent operation during outages, and condition-based asset tracking. The system enables utilities to identify and locate faults caused by equipment failure, downed lines, or vegetation contact, reducing outage duration and minimizing wildfire threats. By operating independently of the grid during outages, Gridware facilitates expedited dispatch of line crews to the precise location of the problem with advance knowledge of the situation. The platform also tracks wear and tear on physical assets, using condition-based data to prioritize maintenance schedules and extend the lifespan of the infrastructure.
Target Audience
The primary customers are utility companies seeking to improve grid reliability, reduce outage duration, minimize wildfire risks, and extend the lifespan of their assets through enhanced monitoring and management capabilities.
Features
- Real-time fault detection and location identification, including faults caused by grid equipment failure, downed lines, or vegetation contact
- Independent operation during planned or unplanned outages, enabling continuous monitoring and informed dispatch
- Condition-based asset tracking that monitors environmental, wildlife, and physical stress on individual assets
- Data-driven approach to prioritize maintenance schedules based on asset health and predicted failure rates
- Integration with existing utility infrastructure to enhance monitoring, management, and troubleshooting processes