WASHINGTON, DC, Rhizome, the leading climate resilience planning platform for the power grid, announced the close of a $6.5 million oversubscribed Seed funding round.
Rhizome, the leading climate resilience planning platform for the power grid, announced the close of a $6.5 million oversubscribed Seed funding round led by Base10 Partners.
Base10 is joined in the Seed round by first-time Rhizome investors in MCJ and CLAI. They join Convective Capital, El Cap, Streetlife Ventures, Stepchange, and Everywhere in closing out the oversubscribed round, all of whom also participated in prior Rhizome fundraises.
Rhizome, launched in 2023, supports utilities by helping them model the impacts of increasingly severe extreme weather events against their systems. By leveraging AI against climate risk data and digital representations of the physical grid, Rhizome's platform identifies vulnerabilities and prioritizes resilience investments and upgrades. This fundraise will further fuel Rhizome's mission to integrate climate intelligence into utility planning workflows at a time when grid resilience has never been more crucial.
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