LineVision Raises $ 12.5 Million in Series B Funding

LineVision, Inc., a Semerville, Mass.-based provider of non-contact overhead power line sensor solutions to monitor, optimize and protect critical power distribution infrastructure, closed its $ 12.5 million Series B funding round of dollars.

The round was led by UP Partners, with the participation of new investors, National Grid Partners, and existing funder Clean Energy Ventures.

The company intends to use the funds to accelerate its growth.

Led by Hudson Gilmer, President and CEO, LineVision provides non-invasive solutions that monitor the condition and behavior of high voltage transmission lines and can improve line throughput, helping to ensure optimal and reliable operation. The company’s V3 sensors collect real-time data on critical overhead power line parameters, including line temperature, sag, horizontal motion and anomalies.

In just over two years since its inception, LineVision has reached deals with National Grid, Dominion Energy, Xcel Energy, Tennessee Valley Authority and several other North American utilities that have yet to be announced. The company is also working with several European utilities as part of the Farcross project, which aims to improve cross-border interconnections using Dynamic Line Ratings.

FinSME

04/07/2021

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