Home / Business and Economy / CivilGrid Digs Up $26M for Infra Data

CivilGrid Digs Up $26M for Infra Data

Summary

  • Startup CivilGrid raised $26 million in Series A funding.
  • The company maps underground utility infrastructure.
  • PG&E case study saved $60 million in potential costs.
CivilGrid Digs Up $26M for Infra Data

CivilGrid, a startup addressing the critical problem of mapping subterranean utility infrastructure, has successfully raised $26 million in Series A funding. This investment round was led by Spark Capital, with participation from other notable venture funds. The company was founded in 2020 by Josh Mackanic, a former engineer at Pacific Gas and Electric (PG&E), who was driven by the significant costs and delays caused by unknown underground pipes.

CivilGrid aggregates disparate data on utility assets, property ownership, and environmental regulations to create a unified view of what lies beneath the surface. This "Google Maps for what's underground" service is sold to governments, civil engineering firms, and utilities. A case study involving PG&E demonstrated the technology's value, identifying $60 million in potential cost savings on paving for gas distribution projects alone. Mackanic plans to use the new funding to expand customer acquisition and explore further automation in infrastructure planning and permitting.

The company's mission is to combat the approximately 200,000 "utility strikes" that occur annually in the U.S. due to a lack of comprehensive data. Mackanic believes CivilGrid's approach of building this vital dataset from the outside offers a more effective solution than internal efforts by utilities. The funding will support CivilGrid's growth and its ambition to tackle other complex building-related challenges in the U.S.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Read more news on

Property Code: 5571