Piq Energy Raises $5M Seed

Piq Energy, a San Francisco-based startup providing an agentic grid planning platform for energy utilities and developers, has raised $5 million in a seed financing round. The company specializes in using AI to automate engineering workflows to help accelerate the process of connecting new energy projects to the grid.

Investors

This round was led by Active Impact Investments, a venture capital firm focusing on North American technology companies. Additional participants in the round included Cisco Foundation, Mobilize AI x Energy Ventures, New Climate Ventures, Ascent Energy Ventures, Umami Capital, CLAI Ventures and 9Zero.

Piq Energy Use of Funds

The company plans to use the capital to accelerate the development of its agentic grid planning platform, bring its technology to more utilities and developers, and deepen its grid intelligence layer.

About Piq Energy

Founded in 2023 by Tom Nudell and Dionysios Stamatiadis, Piq Energy is an energy technology company developing an AI-powered grid planning platform that helps utilities, developers, and grid operators accelerate electricity project interconnections. Founded in 2023 and headquartered in San Francisco, the company combines power systems engineering expertise with AI-driven automation to streamline complex engineering studies, optimize grid capacity, and improve collaboration across transmission planning workflows.
Funding Details

Company: Piq Energy
Raised: $5M
Round: Seed
Funding Date: July 8, 2026
Lead Investor: Active Impact Investments
Additional Investors: Cisco Foundation, Mobilize AI x Energy Ventures, New Climate Ventures, Ascent Energy Ventures, Umami Capital, CLAI Ventures, 9Zero
Company Website: https://www.piqenergy.com
Software Category: Energy Software
Source: https://www.globenewswire.com/news-release/2026/07/08/3324265/0/en/piq-energy-raises-oversubscribed-5-million-seed-round-to-help-unlock-north-america-s-grid-bottleneck.html