ThinkLabs Secures $28 Million Series A to Manage Grid Demand from AI Data Centers
ThinkLabs, a Canadian-led, New York-based technology company, has secured a $28 million USD Series A funding round to help utility providers modernize power grid infrastructure. The investment addresses the surging electricity demand from AI data centers, which is projected to exceed Texas's entire power output by 2028. ThinkLabs utilizes physics-informed AI software to create digital twins of power grids, enabling operators to simulate scenarios, maintain reliability, and prevent outages. This technology significantly accelerates analysis times, reducing months-long studies to mere hours. The round was led by Energy Impact Partners, with participation from Nvidia’s NVentures, Edison International, and returning investor GE Vernova, which originally incubated the startup. Founder and CEO Josh Wong, a former Toronto Hydro executive, stated the funds will support product maturation, feature development, and potential expansion into international markets, though immediate focus remains on North America. Wong emphasizes that the rapid pace of AI adoption necessitates urgent grid modernization, asserting that developments in the next two years will define the energy infrastructure for the subsequent five decades.
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ThinkLabs Secures $28 Million Series A to Manage Grid Demand from AI Data Centers
ThinkLabs, a Canadian-led, New York-based technology company, has secured a $28 million USD Series A funding round to help utility providers modernize power grid infrastructure. The investment addresses the surging electricity demand from AI data centers, which is projected to exceed Texas's entire power output by 2028. ThinkLabs utilizes physics-informed AI software to create digital twins of power grids, enabling operators to simulate scenarios, maintain reliability, and prevent outages. This technology significantly accelerates analysis times, reducing months-long studies to mere hours. The round was led by Energy Impact Partners, with participation from Nvidia’s NVentures, Edison International, and returning investor GE Vernova, which originally incubated the startup. Founder and CEO Josh Wong, a former Toronto Hydro executive, stated the funds will support product maturation, feature development, and potential expansion into international markets, though immediate focus remains on North America. Wong emphasizes that the rapid pace of AI adoption necessitates urgent grid modernization, asserting that developments in the next two years will define the energy infrastructure for the subsequent five decades.
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