National Grid Partners (NGP), the investment and innovation arm of National Grid, has invested in three new companies – CNIGuard, SparkCognition, and Uniphore – growing our portfolio to 18 companies in 12 months.
These companies specialise in the ‘Internet of Things’ and Artificial Intelligence (AI) solutions, and will enable us to automate customer processes and further secure our assets.
Since its inception in December 2018, NGP has invested $102 million in emerging technology companies and fund investments, and is partnering with these companies to deliver a smarter and more renewable energy future. Over the next few years, NGP will invest $250 million in early and growth stage start-ups.
NGP’s newest portfolio additions:
- CNIGuard builds ruggedised ‘Internet of Things’ cloud sensors, delivering asset protection and management solutions for utility-critical infrastructure.
- SparkCognition is an advanced market leading platform that provides AI systems to enable customers to weave AI into the fabric of their organisations.
- Uniphore redefines the customer service experience of the future, through AI-enabled conversational service automation.
“We are investing in the technologies that will enable the energy systems of tomorrow,” said Lisa Lambert, National Grid’s Chief Technology and Innovation Officer and the Founder and President of National Grid Partners. “From modernizing our assets, to providing advanced safeguarding and security measures, National Grid is delivering a safer and more seamless energy experience for its customers.”
Amir Husain, Founder and CEO of SparkCognition, said: “National Grid Partners is best-in-class in corporate venturing. They are strong advocates of innovation within the utility sector and have a deep understanding of edge technologies like AI. They also have the credibility to drive customer engagement for their portfolio companies with industry leaders and the executive relationships within National Grid to effect change and drive meaningful outcomes.”
The three new additions to the NGP portfolio were announced at a networking event in Boston where Lisa, along with President of National Grid Ventures Badar Khan and President of National Grid Massachusetts Marcy Reed, joined a fireside chat on the future of energy.
To find out more about its full portfolio of companies, visit the NGP website.