Ubicquia Raises $106M for Infrastructure Tech
Ubicquia, a company specializing in intelligent infrastructure solutions, has secured $106 million in a Series D funding round. The new capital is intended to accelerate the company's growth in grid modernization, smart lighting, and public safety products and services.
- The Series D funding round was led by 67 Capital and Marunouchi Innovation Partners, with participation from existing investors including Hamilton Lane and ClearSky. - This latest funding brings Ubicquia's total funding to over $157 million since it was founded in 2014. - The company's technology is designed to plug into existing infrastructure like streetlights and utility poles, making them intelligent. It is deployed in more than 800 cities. - Ubicquia's product suite includes UbiCell for smart lighting, UbiHub for deploying WiFi and AI video analytics, and UbiGrid for monitoring the electrical grid. - In May 2020, the company acquired CityIQ, a smart city platform from GE Current, which included over 8,000 deployed Edge AI cameras. - The company's leadership team includes CEO Ian Aaron and has recently been strengthened with appointments like Dave Herlong from Florida Power & Light as COO. - Ubicquia's platforms utilize an AI-driven system that analyzes over 2 billion data sets daily to provide actionable insights for its customers.
