Utilidata

Utilidata is an energy technology company founded in 2012 and backed by NVIDIA.

The company specializes in AI-powered grid-edge solutions designed to optimize electric grid operations and manage distributed energy resources. Its core offering includes a software-defined smart grid chip, powered by NVIDIA hardware, and the Karman AI platform, which facilitates real-time data processing and machine learning at the edge of the grid. Headquartered in Providence, Rhode Island, with an innovation lab in Ann Arbor, Michigan, Utilidata serves utilities, grid hardware manufacturers, and energy providers. The company focuses on reducing operational costs, improving energy reliability, and integrating renewable energy sources. With a team of 90 employees, Utilidata has raised over $126.5 million in venture funding, including a $60.3 million Series C round in April 2025. The company aims to enhance grid efficiency and address challenges related to electrification and climate change.