By Riley Kaminer
As a fierce hurricane season rips through communities across Florida and beyond, utility companies are feeling the strain, scrambling to keep power flowing and communities safe. Amidst the rising climate challenges, Urbint, a company specializing in AI-driven risk management, has secured $35 million in growth funding led by S2G Ventures. This investment will enable Urbint to bolster its storm response capabilities to support the country’s largest utility providers.
This funding round arrives as storms like Hurricanes Helene and Milton underscored just how fragile energy infrastructure can be. “Hurricanes Helene and Milton were a stark reminder of the impact that climate change and major storms can have on our electrical grids,” said Corey Capasso, Urbint’s CEO. With this fresh capital, Urbint plans to deepen its impact, developing advanced tools that help utility companies manage resources, speed up repairs, and protect lives when storms hit.
Central to Urbint’s strategy is its platform, Urbint for Storm Response, which allows utilities to manage nearly every aspect of disaster response in real-time. From coordinating crew resources and logistics to controlling emergency budgets, Urbint’s software provides utilities a comprehensive solution that keeps power restoration moving efficiently. According to Capasso, Urbint is now positioned to offer a more extensive range of tools for utilities, helping them to “restore power faster and save lives in the process.”
With S2G’s backing, Urbint is set to expand its reach and refine its services at a time when utilities are under mounting pressure. Bala Nagarajan, Managing Director of S2G’s Energy Investment team, explained the urgency: “The higher frequency and intensity of storms poses a significant threat to our energy infrastructure. […] Urbint’s software offers utilities the ability to adapt to climate change while improving grid uptime and safety.” For S2G and its co-investors, Urbint represents a unique intersection of climate resilience and technological innovation, critical to keeping communities running despite environmental pressures.
Urbint’s technology has already gained traction among industry heavyweights like Southern Company, Exelon, and National Grid. By using AI to predict and mitigate risks to workers and infrastructure, Urbint’s platform allows these companies to stay a step ahead of storm threats. From spotting underground vulnerabilities to directing repair crews exactly where they’re needed, Urbint’s predictive capabilities are a game-changer.
“We believe that Urbint is poised to play a pivotal role in transforming how utilities manage risk and battle climate change,” Nagarajan added, underscoring Urbint’s emerging role as a defender of critical infrastructure in volatile times.
Beyond storms, Urbint’s technology also addresses a broader need in risk management for utilities, many of which are tasked with protecting millions of miles of critical infrastructure. The platform identifies risks directly at job sites, aiming to prevent injuries and equipment damage before they can happen. This approach resonates with Urbint’s utility clients who depend on the platform to not only help restore power quickly after storms but also to build safer and more resilient systems long-term.
The company’s mission – to help utilities fortify their systems against climate-related threats – aligns with a nationwide push to modernize critical infrastructure. With their latest round of funding, Urbint has cemented its role in that mission, prepared to help utilities tackle the next big storm and emerge stronger.
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Photo at the top by Josue Isai Ramos Figueroa on Unsplash
I am a Miami-based technology researcher and writer with a passion for sharing stories about the South Florida tech ecosystem. I particularly enjoy learning about GovTech startups, cutting-edge applications of artificial intelligence, and innovators that leverage technology to transform society for the better. Always open for pitches via Twitter @rileywk or www.RileyKaminer.com.