News Summary

ThinkLabs, a Canadian-led, New York-based company, has raised $28 million USD in a Series A funding round to modernize power grid infrastructure using AI technology. The funding, led by Energy Impact Partners with participation from Nvidia’s NVentures and Edison International, aims to address the increasing power demands of AI data centers. ThinkLabs’ AI platform creates digital twins of power grids to improve reliability and efficiency, reducing analysis time from months to days. Founded by Josh Wong, former head of smart-grid at Toronto Hydro, the company has a Canadian subsidiary with a quarter of its employees based in Toronto. The funding will be used to enhance product features and expand into international markets, while focusing on North American operations due to regulatory familiarity.