[ Invenia raises $5M in Series A ]

Invenia has raised $5 million in Series A funding.

Founded in 2006, Invenia  optimizes the electrical grid, using a cloud-based machine learning platform that makes autonomous decisions for important real-world problems. The technology learns patterns of electricity production, consumption, and transmission, and to make autonomous decisions that help make the grid more efficient while reducing harmful emissions.

The cash injection will allow the company to double in size in the next 18 months.

Funding  Series A
Founded  2006
Country  Canada
City  Winnipeg, Manitoba
Founder / CEO  Matthew Hudson
Deal Size  $5M
Investors   Zetta Venture Partners
Previous Investors  /