TLDR:
- Rhizome, a startup backed by Looking Glass, raises $1 million in a seed round from San Francisco-based Convective Capital.
- They launch a new product, gridFirm, to help utilities in the United States, Canada, and Australia prepare for wildfires.
Rhizome, a Washington, D.C.-based startup co-founded by CEO Mishal Thadani and CTO Rahul Dubey, has developed an AI platform to help electric utilities mitigate risks from weather phenomena. The company has received funding from Looking Glass and Everywhere Ventures, among others. Rhizome’s new product, gridFirm, focuses on prevention of wildfires rather than detection, using machine learning to assess the likelihood of utility assets triggering wildfires. Convective Capital’s investment in Rhizome is aimed at helping the company grow faster and build a safer and more reliable grid. The product has been designed with data from utilities in the Northeast, Pacific Northwest, and Texas, and aims to address the increasing frequency of wildfires across the nation.
