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 enables utilities to leverage AI for smarter infrastructure investments, offering a competitive edge in climate resilience and reliability.
- Rhizome Data integrates AI with climate risk data to analyze and predict infrastructure vulnerabilities, helping utilities methodically plan for and mitigate climate-related damages.
- By enhancing grid reliability and preventing outages, Rhizome Data's technology ensures communities have access to power when they need it most, improving lives during extreme weather.
- Discover how Rhizome Data's innovative use of AI is transforming utility infrastructure resilience against climate threats, from wildfires to extreme weather events.
Impact - Why it Matters
This news is crucial as it highlights the growing need for resilient infrastructure in the face of escalating climate change impacts. Rhizome Data's innovative solutions not only help utilities prevent costly damages and outages but also ensure the reliability of power supply during critical times. For communities and businesses reliant on uninterrupted energy, this means enhanced protection against the increasing threats posed by extreme weather, ultimately contributing to a more sustainable and secure future.
Summary
Rhizome Data, a Washington, D.C.-based startup 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 El Cap. Co-founded by Mishal Thadani and Rahul Dubey, Rhizome Data leverages AI and climate risk data to help utilities make informed investments towards infrastructure resilience. The company's innovative approach has already demonstrated significant impact, including a 72% improvement in potential asset failure detection for a Texas utility. With partnerships across various regions and collaborations with entities like EPRI’s Climate READi initiative, Rhizome Data is at the forefront of enhancing grid reliability and sustainability.
The urgency for such solutions is underscored by the increasing frequency and severity of extreme weather events, which in 2024 alone caused over $182 billion in damages in the U.S. Rhizome's SaaS platform integrates AI and machine learning to offer comprehensive risk assessments, aiding utilities in optimizing resilience investments and mitigating environmental risks. This funding will further empower Rhizome Data to expand its reach and continue its mission of safeguarding critical infrastructure against climate threats.
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
