AI Company Wants to Cut Climate Risk and Prevent Wildfires
- Urbint raised $60 million from a group that includes utilities
- Software used to help energy companies meet climate threats
Firefighters battle flames during the Caldor Fire in Kyburz, California, on Aug. 21.
Photographer: David Odisho/BloombergThis article is for subscribers only.
An artificial intelligence company that counts some of the largest U.S. utilities as its clients raised $60 million to help energy and infrastructure companies prevent fires, outages, explosions and worker accidents.
The investment round, led by Energize Ventures, includes power companies American Electric Power Co. and National Grid Plc, Urbint said in a statement on Tuesday. The company combines environmental and infrastructure data to foresee and head off damage from incidents ranging from storms to excavation.