The venture capital arm of National Grid announced Thursday it is making investments in three startups focused on digital transformation, including in the power generation and grid sectors.
National Grid Partners’ portfolio has grown to 18 companies. The latest round of investments includes CNIGuard, SparkCognition and Uniphore.
“We are investing in the technologies that will enable the energy systems of tomorrow,” said Lisa Lambert, National Grid’s Chief Technology and Innovation Officer and the Founder and President of National Grid Partners. “From modernizing our assets, to providing advanced safeguarding and security measures, National Grid is delivering a safer and more seamless energy experience for its customers.”
CNIGuard builds ruggedized internet-of-things (IoT) cloud sensors, delivering asset protection and management solutions for utility-critical infrastructure. The CNIGuard headquarters is in the United Kingdom.
SparkCognition is a platform providing artificial intelligence systems to customers who want to weave AI into the fabric of their organizations. It is based in Austin, Texas.
Uniphore offers AI-enabled conversational service automation. Its headquarters is in Palo Alto, California.
Silicon Valley-based National Grid Partners so far has invested more than $100 million in emerging technology companies. Many of these are focused on helping deliver a connected and clean energy future.
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