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Company	Rhizome
Short Description	Developer of SaaS platform that designs in reliability & resilience of grid infrastructure projects for utilities
Status	Private
Year Founded	2023
Industry Group	energy & power
Sector	energy networks
TRL Range	7-8
Country	United States
Nbr Employees
Revenue Range
Total Equity Capital Raised	$10M
Last Stage Capital Raised	Seed round of $6.5M 2025
Investors	Looking Glass Capital, Intelis Capital, Jetstream, El Cap, Streetlife, Stepchange, Everywhere, Kindergarten Ventures, Convective Capital, Base10 Partners, MCJ Collective

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Short description

Developer of SaaS platform that designs in reliability & resilience of grid infrastructure projects for utilities

Founded in 2023

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Company type Private Public ()

Company type

Industry Group energy & power

Sector energy networks

TRL Range 7-8

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters United States United States

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Updated by Cleantech Group on 05/27/2025

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Mishal Thadani

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3 financing events

16 investors

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10/25/2023	Seattle City Light Seattle City Light SCL is partnering with Rhizome to protect its service network in the face of future extreme weather View source Confirmed by Seattle City Light	Development Partner	Delete

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	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
05/21/2025	Base10 Partners Base10 Partners , MCJ Collective MCJ Collective , Convective Capital Convective Capital , El Cap El Cap , Streetlife Streetlife , Stepchange Stepchange , Everywhere Everywhere (7) Post-money valuation of Funding will advance software and AI enabled climate resilient tools to support utility infrastructure and expansion. gridFIRM platform will be used to support wildfire risk mitigation and gridCAVA will be used to support climate vulnerability assessment tools for municipal and cooperative utilities. (source)	Seed	$6,500,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)

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Developer of SaaS platform that designs in reliability & resilience of grid infrastructure projects for utilities

IPO INFORMATION

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