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May 21, 2025
Today, we're excited to announce that Rhizome has raised $6.5 million in seed funding to scale our AI-driven grid resilience platform.
This round was led by Base10 Partners, with participation from new investors MCJ and CLAI, alongside returning investors Convective Capital, El Cap, Streetlife Ventures, Stepchange, and Everywhere.
The power grid is facing unprecedented climate threats.
In 2024 alone, the U.S. experienced 27 billion-dollar climate and weather disasters, totaling over $182 billion in damages. For electric utilities, the stakes are immense—major storms have cost individual utilities an average of $1.4 billion.
Meanwhile, U.S. utility capital expenditures reached a record $179 billion last year, with projections climbing to $194 billion in 2025.
In this environment where every dollar must count, utilities need sophisticated tools to make informed decisions about infrastructure investments that will protect their systems—and the communities they serve—from ever-increasing climate threats.
That's why we launched Rhizome in 2023: to help utilities integrate climate intelligence into their planning workflows, identify vulnerabilities, and prioritize investments that deliver the greatest resilience benefits.
In less than two years, we've developed and commercialized a suite of mission-specific products now being used by electric utilities across diverse geographical regions:
All of these solutions are built on our scalable, cloud-based Aspen platform, which models current and future climate risk against utility infrastructure.
We're fortunate to work with utilities like Avangrid, Seattle City Light, VELCO, and VEC who are leading the way in resilience planning.
Beyond our utility partnerships, we're collaborating with organizations at the forefront of climate science and grid innovation, including EPRI's Climate READi initiative, KPMG, and researchers at the University of Connecticut.
These relationships help us continuously improve our solutions while expanding our impact across the sector.
The results speak for themselves. In our partnership with a Texas utility, our models captured 72% more potential asset failures than their previous approach, dramatically improving their ability to prevent outages and mitigate wildfire risk before problems occur.
We have now deployed these models and tools with numerous other utilities in regions representing a variety of geographies, including the Pacific Northwest, the Northeast, and Canada. Every geography is exposed to their own set of climate risks.
We partnered with investors who understand that grid innovation, led by utilities, is fundamental to global prosperity. Driving toward that north star, this round of funding will allow us to:
As extreme weather events continue to increase in frequency and severity, the need for intelligent resilience planning has never been more urgent.
By combining AI with climate risk data and digital representations of the physical grid, we can help utilities make smarter investments that protect infrastructure and ensure reliability when communities need power most.
While it’s easy to point to technology alone as solving big societal problems, that couldn’t be further from the truth in grid resilience.
We’ll continue to collaborate with research institutions such as the National Labs, hardware companies, policymakers, and non-profits, alongside utilities themselves, to collectively drive toward a more resilient future.
As we scale our technology and operations, we're looking for talented individuals who are committed to advancing grid resilience solutions that serve both utilities and the communities that depend on them.
If you're interested in joining our mission to protect society from the impacts of climate change through intelligent planning, check out our open positions.
Together, we can build a future where utilities are equipped to anticipate, withstand, and quickly recover from climate-driven disruptions, ultimately creating more resilient infrastructure that serves communities reliably in an increasingly uncertain climate future.
Mishal Thadani
Co-founder and CEO, Rhizome
