$43 million growth investment round in Overstory

Kitnetic Technology Advisors acted as technology advisor to Blume Equity, providing technology advice and due diligence for Blume Equity's leading of a $43 million growth investment round in Overstory.

Company

Overstory, founded in 2018 and headquartered in Amsterdam, is an AI-powered climate risk platform for energy utilities. Using high-resolution satellite imagery and proprietary AI models, the platform helps utilities pinpoint vegetation risks tree-by-tree to prevent wildfires and reduce outages. Overstory serves six of the ten largest utilities across the Americas with a team of over 80 people spanning machine learning, data science, arborists, and wildfire specialists.

Our Work

We provided Blume Equity with deep technical due diligence, applying our systems experience, energy and sustainability expertise, and AI/ML knowledge to deliver actionable insights on this investment.

Quote

"Overstory exemplifies this — transforming satellite data into actionable insights that help utilities both prevent climate-related disasters and drive operational efficiencies."— Michelle Capiod, Co-Founding Partner, Blume Equity

Read the announcement

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