Smart Streetlight Tech Supplier Ubicquia Raises $106M
GovTech
Founded in 2014, the firm works with cities, utilities and other clients to make their infrastructure more “intelligent” via sensors, software and other tech. AI presents fresh opportunities for Ubicquia’s growth.
Ubicquia has closed a $106 million Series D funding round as the Florida-based “intelligent infrastructure” company seeks to further its AI capabilities, expand outside the U.S. and develop new products.
This latest investment included round leaders 67 Capital and Marunouchi Innovation Partners along with Hamilton Lane, ClearSky, GMS and Sercomm.
More than 1,000 utilities and municipalities use the company’s offerings, which include an analytics platform, sensors and software that are compatible with streetlights, transformers and utility poles, according to an Ubicquia statement.
Original Article: Government Technology
