Curated News
By: NewsRamp Editorial Staff
May 23, 2025
Rhizome Data Secures $6.5M to Combat Climate Risks for Utilities
TLDR
- Rhizome Data's $6.5M funding enhances utilities' edge in climate resilience, offering tools to preempt outages and reduce wildfire risks with AI-driven insights.
- Rhizome Data utilizes AI and machine learning to analyze climate risks, enabling utilities to optimize infrastructure investments and improve grid reliability through detailed exposure analysis.
- By advancing climate risk assessment tools, Rhizome Data contributes to a safer, more reliable power grid, ensuring communities remain powered during extreme weather events.
- Rhizome Data's innovative platform has already helped a Texas utility identify 72% more potential asset failures, showcasing the power of AI in climate resilience.
Impact - Why it Matters
This news is crucial as it highlights the growing intersection of technology and climate resilience, offering a lifeline to utilities grappling with the increasing frequency and severity of extreme weather events. By providing tools that enhance grid reliability and optimize resilience investments, Rhizome Data is playing a pivotal role in safeguarding communities' access to power, reducing economic losses from climate disasters, and advancing sustainable infrastructure development. This matters to everyone, as reliable energy infrastructure is foundational to modern life, economic stability, and environmental sustainability.
Summary
Rhizome Data, a Washington, D.C.-based company specializing in climate risk assessment tools for utilities, has successfully raised $6.5 million in a funding round led by Base10 Partners. This round saw participation from new investors MCJ and CLAI, alongside existing supporters like Convective Capital and Streetlife Ventures. Co-founded by Mishal Thadani and Rahul Dubey, Rhizome Data aims to leverage AI and climate risk data to enhance grid resilience against increasing extreme weather events. Thadani, with a background in civil engineering and previous roles in strategy and policy, alongside Dubey's expertise in computer science, are steering the company towards innovative solutions for grid reliability and infrastructure sustainability. Their SaaS platform integrates AI to assess and mitigate risks, demonstrating significant success in preventing outages and wildfire risks for utilities across various regions, including collaborations with major players like Avangrid and Seattle City Light.
The company's approach addresses the urgent need for intelligent resilience planning in the face of climate change, as evidenced by the $182 billion in damages from climate and weather disasters in the U.S. in 2024 alone. Rhizome Data's tools not only help utilities make smarter investments but also ensure the reliability of power when communities need it most, marking a critical step forward in climate adaptation and infrastructure resilience.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Rhizome Data Secures $6.5M to Combat Climate Risks for Utilities
