Arkion, formerly known as Skyqraft and renowned for its leadership in asset analytics for power grids, has raised $4 million in its latest funding round. This milestone follows its strategic rebranding, doubling down on its commitment to revolutionize energy infrastructure inspections.
Founded with a vision to support power grid owners in achieving a net-zero future, Arkion provides cutting-edge AI-powered software that translates inspection data—comprising images, thermal scans, and lidar information—into precise insights on grid asset conditions. This transformational technology enables electric utilities worldwide to enhance grid resilience and sustainability by optimizing maintenance strategies.
Louise Gauffin, CEO of Arkion, emphasized the company’s evolution and mission: “Our rebrand to Arkion marks a pivotal moment in our journey to meet the evolving needs of power grid owners amidst escalating energy demands. We empower utilities with data-driven solutions that minimize risks and maximize operational efficiency, crucial for achieving net-zero objectives.”
Arkion’s platform significantly reduces outage rates by up to 50% compared to traditional methods and detects five times more critical defects, ensuring comprehensive grid health assessments. This efficiency translates into over 75% cost savings per defect found, making Arkion’s solution not only effective but also cost-efficient for power grid operators.
The $4 million funding round was led by Subvenio Invest, with participation from existing investors including Neptunia Invest and Antler, alongside contributions from several business angels. Oscar Westergård, Partner at Antler, highlighted Arkion’s pivotal role in advancing energy transformation and grid health management, underscoring the platform’s critical impact on the industry.
Arkion’s expansion into the US market, following successful deployments with major European clients like E.ON, positions the company at the forefront of delivering essential insights for creating future-ready power grids aligned with global net-zero goals.
Editorial Perspective:
Arkion’s ability to harness AI and cloud technologies to enhance grid reliability and sustainability is commendable. As the demand for energy grows, the imperative to optimize grid infrastructure becomes paramount. Arkion’s innovative approach not only addresses current challenges but also sets a precedent for future-proofing global energy networks.
With a strategic focus on technical scalability and market expansion, Arkion is poised to lead the industry in advancing grid health analytics. The company’s dedication to innovation and its proactive stance on sustainability make it a key player in shaping the future of energy infrastructure inspections worldwide.
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