Oktogrid raises €4M Series A to scale AI grid monitoring across three continents
What's the deal? Danish startup OktogridDealroom has a profile for this one. Try Dealroom → has raised roughly €4 million in a Series A round led by ElewitDealroom has a profile for this one. Try Dealroom →, the technology arm of Spanish grid operator RedeiaDealroom has a profile for this one. Try Dealroom →. Inclimo Climate TechDealroom has a profile for this one. Try Dealroom → joined as the main new investor, alongside longtime shareholder ABBDealroom has a profile for this one. Try Dealroom → and Danish fund Delphinus Venture CapitalDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Founded in 2019 by Golam Sadeghnia, Oktogrid makes non-invasive, magnetic-adhesion sensors and AI software that monitors electrical transformers. The platform interprets transformer data to predict failures, recommend maintenance, optimise capacity, and estimate remaining useful life.
By the numbers: Oktogrid has close to 45 customers, including 12 utilities, and operates across three continents. It monitors more than 1GW of critical infrastructure, holds over five million hours of production data, and says its technology has caught 26 early-stage faults while freeing up around 8,600 hours of technical work.
Where's the money going? The funding will support expansion into southern Europe, the UK, Ireland, and North America, and strengthen collaborations with ABBDealroom has a profile for this one. Try Dealroom → and Applus+Dealroom has a profile for this one. Try Dealroom →. Oktogrid also plans to add substation fleet-management features and launch a low-voltage product.
Why Inclimo? InclimoDealroom has a profile for this one. Try Dealroom → is a climate-tech venture fund backed by Catalan construction group SoriguéDealroom has a profile for this one. Try Dealroom →, venture firm Antai, and Fernando Casado Cañeque, its head. Its portfolio includes FlooxDealroom has a profile for this one. Try Dealroom →, Energiot, Hamelyn, Recovo, Hemav, and Ocean Ecostructures.
The signal: The deal marks Inclimo deploying its new fund cross-border into Northern Europe, backing grid-tech as a priority within European climate VC. As power systems integrate more renewables, capital is increasingly flowing to the unglamorous infrastructure that keeps them running.
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