Salesforce, American Electric Power and National Grid backed the infrastructure prevention software provider as US infrastructure legislation looms.
US-based infrastructure protection software developer Urbint hauled in $60m on Tuesday through a series C round featuring enterprise software provider Salesforce and energy utilities American Electric Power and National Grid.
Venture capital firm Energize Ventures led the round, which also included OGCI Climate Investments and Energy Impact Partners, while Salesforce and National Grid participated through Salesforce Ventures and National Grid Partners respectively.
Urbint provides artificial intelligence software designed to predict risks and prevent threats to critical infrastructure.
The infrastructure legislation making its way through the US congress – a $1 trillion bipartisan bill and an approximately $3.5 trillion package being proposed through a parallel track – are set to put the kind of software Urbint provides in higher demand, as resiliency of infrastructure comes to the forefront.
The latest round brings its total funding up to $109m. Petroleum provider Petronas’s Piva subsidiary and Energy Impact Partners co-led the company’s
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
