Grid.vc invests into Safegrid Oy

The electrical distribution grid is the most extensive human-made system in the world. In Europe alone, there are some 10 million kilometers of medium-voltage lines (enough to go to the moon and back 13 times) with some 5 to 10 million secondary substations. Our society and infrastructure depend on the grid, yet utilities have very little visibility into the grid and how it functions.

Safegrid changes all this and brings the grid to the 21st century.

Safegrid’s Intelligent Grid System™ helps locate, predict, and prevent grid faults and improve grid performance with instant-on wireless sensors and cloud-based monitoring and analytics.

The system consists of:

  • Inexpensive and easy-to-install wireless sensors that provide an unprecedented level of visibility into the grid. The low cost and fast installation make the sensors the most cost-efficient grid monitoring system available on the market.
  • Cloud-based analytics and monitoring software that gives both the big picture about the grid’s performance as well as instant actionable alerts about grid faults. Both web-based and app user interfaces are available.

Safegrid solutions are designed for fast installation and deployment. They can be operated on a fully standalone basis without time-consuming integrations, yet they feature powerful APIs for connecting them with other systems when needed.

Safegrid gives utilities and grid operators full 24/7 visibility into the grid and lets them locate faults faster and more accurately than before and also predicts faults and do timely preventive maintenance that improves grid performance and increases equipment service life. When fault locations are known, the crews can get to work faster, decreasing both costs and downtime.

The resulting fast FLISR and minimized SAIDI and SAIFI improve customer satisfaction and operational economics.

“Our vision is to first provide a full-stack FPI solution for utilities and grid operators and then expand our scope to enabling preventive maintenance and grid optimization with big data and machine learning technologies,” said Mr. Jussi Hakunti, the CEO of Safegrid. “Our solutions are designed from the ground up to remove traditional ROI bottlenecks such as missing connectivity, high cost, and slow deployment.”

About Safegrid

Safegrid is the creator of the Intelligent Grid System™ that helps utilities and grip operators locate, predict, and prevent grid faults and improve grid performance with instant-on wireless sensors and cloud-based monitoring and analytics. Safegrid is backed by Grid.vc and Business Finland. Safegrid is based in Helsinki, Finland. For more information, please visit www.safegrid.io.

About Grid.vc

Grid.vc is the first investor in superb teams bringing new technology innovations into the energy industry. We accelerate the development and growth of our portfolio companies through co-operation with our partners, who can provide mentoring, piloting opportunities, as well as business opportunities to the start-ups. Grid.vc I Ky is an alternative investment fund, who made its first closing in 2019 and has so far three investments in its portfolio.

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Helsinki, Finland based Safegrid, the creator of the Safegrid Intelligent Grid System, has raised a seed funding round from Grid.vc, the first investor in superb teams disrupting energy business. The funding is supplemented by a development grant from Business Finland