Tech Company Financing Transactions
Rhizome Funding Round
Rhizome, operating out of Washington, raised $2.5 million in investment from Seattle City Light and Vermont Electric Power Company.
Transaction Overview
Company Name
Announced On
10/24/2023
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Undisclosed
Investors
Seattle City Light (Lead Investor)
Vermont Electric Power Company (Lead Investor)
Proceeds Purpose
Rhizome uses AI and climate/infrastructure data to model grid vulnerabilities from future extreme weather events on the grid, improving safety for communities
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Washington, DC Undisclosed
USA
Washington, DC Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Rhizome is an AI-powered software platform that helps electric utilities identify vulnerabilities from climate threats, quantify risk at high resolutions, and measure the economic and social benefits of grid-enhancing investments. Rhizome provides the highest standard of climate risk mitigation to ensure that communities and businesses are protected against intensifying extreme weather events.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mishal Thadani
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