Fundraising Fox

Utilidata

Providence, US · Founded 2012 · Delaware corporation · 98 employees on LinkedIn · 7 known investors

Utilidata builds Karman, a distributed AI platform and software for energy infrastructure that provides real-time machine-learning grid optimization, embedded in smart meters and used for grid-edge and data center power control. It serves electric utilities and AI data center operators in the energy sector.

AI & Machine LearningCleantechEnergy

Founders & leadership

JBJosh Brumberger
Josh BrumbergerinExecutive
JMJess Melanson
Jess MelansoninExecutive
MHMarissa Hummon
Marissa HummoninExecutive
TG
Theresa GilbertExecutive
KCKit Chee
Kit CheeChief Commercial Officer
PA
Paul AfonsoNamed on SEC filing

Board

HHHunter Horgan
Hunter HorganinBoard MemberManaging Director at Renown Capital Partners
AB
Alex BrownBoard director
DTDon Tappan
Don TappaninBoard directorPrincipal at Braemar Energy Ventures
AB
Alicia BartonBoard director
GHGary Hicok
Gary HicokinExecutive Board Chair

Investors · 7

Braemar Energy VenturesNew York · $1M – $25M
Aramco Venturesreported
Braemar Carbonfree HoldingsreportedNew York
NVIDIAreported · 2 sourcesSanta Clara
Renown Capital Partnersreported · 3 sourcesNew Yorkvia Cameron Scari · board

Also in the syndicate · 2

Keyframe CapitalQuanta

Funding

SEC filings, press & company announcements

$121.1M disclosed across 4 of 7 rounds · 2020–2026

▶$60.3MraisedMay 2025 · 11 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Theresa GilbertExecutive Officer
  • Ben BirnbaumDirector
  • Alex BrownDirector
  • John RapaportDirector
  • Don TappanDirector
  • Jess MelansonExecutive Officer
  • Alicia BartonDirector
  • Cameron ScariDirector
  • Hunter HorganDirector
  • Josh BrumbergerExecutive Officer, Director
  • James McIntyreDirector
  • Marissa HummonExecutive Officer
Offering amount
$150.3M
Amount sold
$60.3M
Sales commissions
$815.3K
Placement agents
Citigroup Global Markets Inc.
First sale
Apr 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30.5MraisedOct 2024 · 14 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Josh BrumbergerExecutive Officer, Director
  • Jess MelansonExecutive Officer
  • Marissa HummonExecutive Officer
  • Hunter HorganDirector
  • Alicia BartonDirector
  • Alex BrownDirector
  • Don TappanDirector
  • Theresa GilbertExecutive Officer
Offering amount
$50M
Amount sold
$30.5M
First sale
Jan 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$26.7MraisedFeb 2024 · 11 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Josh BrumbergerExecutive Officer, Director
  • Jess MelansonExecutive Officer
  • Theresa GilbertExecutive Officer
  • Marissa HummonExecutive Officer
  • Alicia BartonDirector
  • John RapaportDirector
  • Don TappanDirector
  • Hunter HorganDirector
Offering amount
$26.8M
Amount sold
$26.7M
First sale
Dec 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.6MraisedJul 2020 · 7 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Donald TappanDirector
  • Jess MelansonExecutive Officer
  • Paul AfonsoDirector
  • Joshua BrumbergerExecutive Officer, Director, Promoter
  • Marissa HummonExecutive Officer
Offering amount
$12.5M
Amount sold
$3.6M
First sale
Jul 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 3

by search overlap
phData16 shared keywords
Yipit Data10 shared keywordsYipitData is a data and analytics company that combines proprietary and licensed datasets—such as card transactions, receipts, web data, and app usage—paired with dedicated analysts to deliver market intelligence. It serves brands and investors making corporate strategy and investment decisions.
Globaldata10 shared keywordsGlobalData provides an AI-powered intelligence platform that delivers research, market analysis, and predictive insights to enterprises across industries. The platform combines proprietary data, in-house subject matter experts, and AI tools to support critical business decisions.

Companies competing with Utilidata for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Utilidata raises an additional $40m in Series C funding - DCDdatacenterdynamics.com · Jul 2026Utilidata raises $40M more to optimize data center power use - SiliconANGLEsiliconangle.com · May 2026Utilidata Raises $40 Million Extension, Completing $100M Series C to Maximize AI Compute Capacityfinance.yahoo.com · May 2026Utilidata | Utilidata Raises $60 Million to Scale Distributed AI Across Energy Infrastructureutilidata.com · Apr 2025Utilidata Raises $60.3M in Series C Fundingfinsmes.com · Apr 2025Utilidata Raises $60 Million to Scale Distributed AI Across Energy Infrastructureglobenewswire.com · Apr 2025

Frequently asked questions

What does Utilidata do?
Utilidata builds Karman, a distributed AI platform and software for energy infrastructure that provides real-time machine-learning grid optimization, embedded in smart meters and used for grid-edge and data center power control. It serves electric utilities and AI data center operators in the energy sector.
Who are Utilidata's investors?
Utilidata's investors include Braemar Energy Ventures, Aramco Ventures, Braemar Carbonfree Holdings, NVIDIA, Renown Capital Partners.
How much funding has Utilidata raised?
Utilidata has disclosed $121.1M raised across 4 of its 7 known rounds.
Where is Utilidata headquartered?
Utilidata is headquartered in Providence, US.