- Urbint announced a $35 million strategic investment round led by S2G Ventures to enhance its storm response solutions for utilities during the hurricane season. - Hurricanes Helene and Milton highlighted the impact of climate change on electrical grids. - Corey Capasso, CEO of Urbint, stated the investment will allow for a wider range of storm response solutions to restore power and save lives. - Urbint for Storm Response provides a centralized platform to manage storm and disaster response logistics, emergency work, and resource allocation in real-time. - The software helps utilities secure contractors quickly, manage crew logistics, optimize response spending, and reduce restoration times. - Bala Nagarajan of S2G emphasized the urgent need for utilities to invest in resiliency against extreme weather events. - Urbint's AI-driven risk mitigation solutions enable utilities to identify threats and better allocate resources to enhance safety and reliability. - Major utilities in the U.S. like Southern Company, Exelon, and National Grid utilize Urbint to protect infrastructure and improve response times during weather-related incidents. - Urbint employs AI and industry science to prevent safety incidents and damage to infrastructure, gaining the trust of many energy and infrastructure companies in North America. - S2G Ventures focuses on investing in innovative businesses across various sectors and provides flexible capital solutions for growth-stage companies.

Urbint Receives $35 Million Strategic Growth Equity Investment Led by S2G to Double Down on Resiliency and Safety Amid Hurricane Season

MIAMI, October 17, 2024 – Urbint, the leading AI platform for identifying and mitigating threats to workers, critical infrastructure, and communities, today announced a $35 million strategic investment round led by S2G Ventures (“S2G”), positioning Urbint to further develop its resiliency and storm response solutions for utilities, as an already devastating hurricane season is not yet over.

“Hurricanes Helene and Milton were a stark reminder of the impact that climate change and major storms can have on our electrical grids,” said Corey Capasso, CEO of Urbint. “This strategic investment from S2G will enable us to provide a broader offering of storm response solutions to utilities, helping them to restore power faster and save lives in the process.”

Urbint for Storm Response is a centralized platform for managing the entire storm and natural disaster response process – from handling logistics, to managing emergency work, to allocating resources in real-time. With Urbint, utilities secure contractors faster, manage crew lodging and meals better, use response dollars more efficiently, and shorten restoration times.

“As we have seen in recent months, the higher frequency and intensity of storms poses a significant threat to our energy infrastructure. Our view is that resiliency against extreme weather events is of the utmost importance for utilities and there is a strong urgency to invest in mitigation and adaptation measures,” said Bala Nagarajan, managing director of S2G’s Energy Investment team. “Urbint’s software offers utilities the ability to adapt to climate change while improving grid uptime and safety. We believe that Urbint is poised to play a pivotal role in transforming how utilities manage risk and battle climate change.”

Urbint’s AI-powered risk mitigation solutions enable utilities to identify threats and target their resources to prevent incidents and improve safety and reliability. Many of the largest utilities in the country, including Southern Company, Exelon, and National Grid, trust Urbint to help them protect underground infrastructure, prevent serious injuries and fatalities, and respond to and restore power faster after major weather events.


About Urbint

Urbint uses AI and the latest industry science to identify threats to workers and infrastructure to stop safety incidents before they happen. Urbint surfaces risk at the point of work, enabling energy and infrastructure companies to prevent worker injuries and asset damages. Many of the largest energy and infrastructure companies in North America trust Urbint to protect workers, assets, communities, and the environment.

About S2G Ventures

S2G is a multi-stage investment firm focused on venture and growth-stage businesses across food and agriculture, oceans and energy. The firm provides capital and value-added resources to entrepreneurs and leadership teams pursuing innovative market-based solutions that S2G believes are cheaper, faster or better than traditional alternatives. With a commitment to creating long-term, measurable outcomes, S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com or connect with us on LinkedIn.