National Grid Partners (NGP), the investment and innovation arm of National Grid plc, announced 3 new venture capital investments, growing its portfolio to 18 companies.

NGP is investing in CNIGuard, and most recently invested in SparkCognition, and Uniphore, which specialize in the Internet of Things and Artificial Intelligence solutions, "and enable National Grid to automate customer processes and further secure its assets."

NGP’s newest portfolio additions include:

• CNIGuard builds ruggedized internet-of-things (IoT) cloud sensors, delivering asset protection and management solutions for utility-critical infrastructure.

• SparkCognition is an advanced market leading platform that provides artificial intelligence (AI) systems to enable customers to weave AI into the fabric of their organizations.

• Uniphore redefines the customer service experience of the future through AI-enabled Conversational Service Automation.

NGP has invested $102 million in emerging technology companies and fund investments since its inception and is partnering with these companies to deliver a smarter and more renewable energy future.

NGP previously announced its backing of Aporeto, Audio Analytic, AutoGrid, Carbon Lighthouse, ClimaCell, Copperleaf, Dragos, GoCardless, Leap, Omnidian, Pixeom, and Sitetracker as well as limited partnership investments in IQ Capital and Jerusalem Venture Partners. NGP is also a limited partner in the strategic utility technology fund, Energy Impact Fund LP (an Energy Impact Partners fund). Earlier this year, NGP expanded its Silicon Valley presence by opening an office in San Francisco to invest, incubate, and accelerate early-stage technology companies. NGP will invest $250 million over the next few years in early and growth stage startups.

Tags:
National Grid   M&A   Innovation  

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