Amsterdam-based Overstory, a global vegetation intelligence platform, announced on Friday that it has secured $14M (approximately €13.24M) in a Series A round of funding.
The round was led by B Capital and joined by The Nature Conservancy, Convective Capital, Semapa Next, Bentley iTwin Ventures, Pale Blue Dot, CapitalT, Moxxie Ventures, and Overwater Ventures.
Driving sustainability: climate, AI, and utility convergence
According to Overstory, utility teams are under immense pressure after facing daily challenges of climate change, wildfires, extreme weather, and power outages. With aging infrastructure and shrinking budgets, there’s a critical need for innovative technology.
The rapid evolution of AI offers the potential to enhance existing processes and unlock new possibilities, revolutionising how utilities respond to modern demands and climate shifts.