ThinkLabs AI, a New York-based startup focusing on enhancing grid planning through intelligent automation and AI, has raised $5 million in seed funding.
Investors
The round was co-led by Powerhouse Ventures and Active Impact Investments, with participation from Blackhorn Ventures, Amplify Capital, Mercuria Energy, and a national US energy company.
Powerhouse Ventures is a Singapore-based Seed to Series A VC fund with a focus on technology companies emerging from India and the US. Founded in 2014, the firm backs entrepreneurs building the digital infrastructure for rapid decarbonization. They invest in founding teams building innovative software to rapidly decarbonize its global energy and mobility systems.
Founded in 2018, Active Impact Investments is a Certified BCorp based in Vancouver, BC, whose mission is to support environmental sustainability through profitable investment. With two limited partnership funds with over $50M in assets under management, they provide funds and talent to accelerate the growth of early-stage climate tech companies with revenue and significant growth potential.
About ThinkLabs AI
Founded and led by Josh Wong, ThinkLabs AI, Inc. is a specialized AI development and deployment company, developing its flagship product, ThinkLabs Copilot. This AI-powered digital assistant aims to help control room operators manage complex modern grids more effectively. The ThinkLabs Copilot utilizes physics-informed AI digital twins to model real-world phenomena governed by physics and engineering. The company, launched from GE Vernova, its mission is to empower critical industries and infrastructure with trustworthy AI towards global energy sustainability.
Funding Details
Company: ThinkLabs AI, Inc.
Raised: $5.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Powerhouse Ventures, Active Impact Investments
Additional Investors: Blackhorn Ventures, Amplify Capital, Mercuria Energy
Company Website: https://www.thinklabs.ai/
Software Category: Grid Monitoring
Source: https://www.globenewswire.com/news-release/2024/05/23/2887092/0/en/ThinkLabs-AI-Inc-Launches-and-Secures-5M-Seed-Investment-to-Develop-Technology-to-Transform-Critical-Grid-Operations.html