Buzz Solutions

Assembly Line

Buzz Solutions Raises $5M to Accelerate Adoption of its AI-Powered Platform for Visual Grid Infrastructure Inspections and Monitoring

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Buzz Solutions, GoPoint Ventures

Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, announced it closed a $5 million round of growth funding. GoPoint Ventures led the round, with additional participation from Blackhorn Ventures and MaC Venture Capital. The investment follows a period of significant acceleration in customer adoptions as utilities are demanding more efficient and accurate T&D infrastructure inspections and better substation security.

The investment brings the total raised to $10.7M with a previous round of $3.3M from 2022 and two $1.2M convertible notes in 2020 and in early 2023. Buzz plans to deploy the capital to scale both PowerAI and PowerGUARD offerings across utilities in the U.S. and internationally.

Read more at PRWeb