Utilidata

Summary active Updated May 31, 2026

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Location Ann Arbor, MI
Latest Stage Series C
Total Raised $100M+
Website https://utilidata.com/
Sector
energy ai power-grid ai-infrastructure data-centers climate-tech enterprise-software

About

Utilidata is an Ann Arbor, Michigan-based energy-AI infrastructure company whose power-orchestration platform Karman — developed in partnership with NVIDIA — unlocks stranded grid capacity with real-time visibility and control of power utilization, enabling more data-center compute to be deployed against existing grid resources 123. The $40M Series C extension announced May 28, 2026 was led by existing investor Renown Capital Partners with participation from Keyframe Capital and completes Utilidata’s $100M Series C, which began with a $60.3M first close in April 2025 led by Renown with Keyframe, Quanta Services, and NVIDIA participating 123.

Funding History

Date Round Amount Lead Co-investors
2026-05-28 Series C extension $40M Renown Capital Partners Keyframe Capital 1234
2025-04 Series C (initial close) $60.3M Renown Capital Partners Keyframe Capital, Quanta Services, NVIDIA 13

What Investors Say

“The AI infrastructure buildout is one of the defining themes of this decade, but power is a fundamental limitation.”

— James McIntyre, Co-Founder & Managing Partner, Renown Capital Partners 1

“AI data centers can’t afford to wait for new power capacity. They need to maximize what they have now.”

— John Rapaport, CIO, Keyframe Capital 14

What Founders Say

“Power availability is the defining constraint for data centers right now. Karman squeezes every watt out of the power you already have.”

— Josh Brumberger, CEO, Utilidata 14

Sources

  1. GlobeNewsWire, “Utilidata Raises $40 Million Extension, Completing $100M Series C to Maximize AI Compute Capacity,” May 28, 2026. Accessed May 2026. https://www.globenewswire.com/news-release/2026/05/28/3302882/0/en/utilidata-raises-40-million-extension-completing-100m-series-c-to-maximize-ai-compute-capacity.html↩↩↩↩↩↩↩

  2. SiliconANGLE, “Utilidata raises $40M more to optimize data center power use,” May 28, 2026. Accessed May 2026. https://siliconangle.com/2026/05/28/utilidata-raises-another-40m-optimize-data-center-power-use/↩↩↩

  3. Data Center Dynamics, “Utilidata raises an additional $40m in Series C funding,” May 2026. Accessed May 2026. https://www.datacenterdynamics.com/en/news/utilidata-raises-an-additional-40m-in-series-c-funding/↩↩↩↩

  4. Pulse 2.0, “Utilidata Raises $40 Million Extension To Complete $100 Million Series C,” May 31, 2026. Accessed June 2026. https://pulse2.com/utilidata-raises-40-million-extension-to-complete-100-million-series-c/↩↩↩