ThinkLabs AI Secures $5M for Expansion and Technology Development

ThinkLabs AI Raises $5M in Seed Funding

Key Highlights:

• Funding Round: ThinkLabs AI, a NYC-based startup specializing in AI for grid planning, raised $5 million in Seed funding.
• Investors: Powerhouse Ventures, Active Impact Investments, Blackhorn Ventures, Amplify Capital, Mercuria Energy, and a national US energy company participated in the funding round.
• Expansion and Development: The funds will be used to expand operations and further develop ThinkLabs AI's technology.

ThinkLabs AI's Target Market

• Energy and Infrastructure Companies: ThinkLabs AI aims to empower critical industries and infrastructure, particularly in the energy sector, with AI technology.
• Grid Planning and Management: ThinkLabs AI's solutions are designed to enhance grid planning and management systems, such as Advanced Distribution Management Systems (ADMS) and Distributed Energy Resource Management Systems (DERMS).
• Global Energy Sustainability: ThinkLabs AI's mission is to contribute to global energy sustainability by leveraging AI technology.

What ThinkLabs AI Needs to Buy

• Research and Development: Investments in research and development to further enhance their AI technology for grid planning and management.
• Partnerships and Collaborations: Collaborations with energy companies, infrastructure providers, and industry experts to drive innovation and adoption of AI solutions.
• Marketing and Sales Support: Resources to support marketing and sales efforts to reach potential customers in the energy and infrastructure sectors.