CivilGrid, a company specializing in mapping underground infrastructure, announced it has raised $26 million in Series A funding. The investment round was led by Spark Capital, with additional contributions from Afore, A*, Ford Street Ventures, SNR, and Energy Impact Partners. This funding will support CivilGrid's growth and expansion of its data aggregation services.
Founded by Josh Mackanic, a former engineer at Pacific Gas and Electric (PG&E), CivilGrid addresses the challenge of incomplete information regarding buried utility lines. Mackanic's experience highlighted the significant delays and costs associated with unknown underground pipes, leading to the creation of a platform that consolidates disparate data sources. Annually, approximately 200,000 "utility strikes" occur due to this lack of comprehensive data.
CivilGrid's platform gathers data on utility assets, property ownership, and environmental regulations, presenting it as a unified map of underground infrastructure. This service is provided to governments, civil engineering firms, and utility companies. PG&E, a client of CivilGrid, reported identifying $60 million in avoidable paving costs across 1,600 planned gas distribution projects by utilizing the platform, demonstrating its potential to improve planning efficiency and reduce expenses.
Christine Cowsert, Senior Vice President of Enterprise Business and Technology Modernization at PG&E, stated that tools like CivilGrid help teams identify risks earlier, build more efficiently, and avoid unnecessary costs while prioritizing safety. The investment from Energy Impact Partners, which includes utility companies as limited partners, further indicates industry confidence in CivilGrid's solution.
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CivilGrid, a startup founded by former PG&E engineer Josh Mackanic, secured $26 million in Series A funding to expand its platform for mapping underground utility assets. The company aggregates data on utilities, property ownership, and environmental regulations to provide a comprehensive view of subterranean infrastructure, aiming to reduce costly delays and utility strikes.