Buzz Solutions Announces $3.3 Million Round of Funding to Continue Safeguarding the World’s Energy Infrastructure

“At MaC, we’re incredibly excited about the potential Buzz Solutions brings to an industry that has been long underserved in regards to technology,” said Haley Farnsworth, Partner, MaC Ventures. “Not only will their AI streamline operations and provide cost savings, it will also make utility inspections much safer for those involved. We also love that Buzz will enable utilities to better prevent disasters such as wildfires. Kaitlyn and Vik bring an edge to the industry, and we feel there is no better team to solve this problem.”

“With extreme weather on the rise due to climate change, keeping power grids stable, resilient and healthy is key. This round of funding is going to help us continue to enhance our technology and bring it to more utility groups around the world,” said Vikhyat Chaudhry, co-founder, COO and CTO, Buzz Solutions.

Buzz is leading the digital transformation of safeguarding the world’s energy infrastructure. In addition to power grid inspections, the company is now expanding its offerings to include substations and oil and gas infrastructure. In these new markets, Buzz will provide analytics for pipeline and renewable asset inspections including wind, solar, and hydroelectric, delivering component and anomaly detections, as well as methane leakage detections.

The company has achieved traction with major utilities including their newest utility customer, New York Power Authority (NYPA), the largest state public power organization in the U.S. Buzz has already validated its solution with several other utilities, including with Newfoundland Power, which was a part of the EPRI Incubatenergy Labs program in 2021. Buzz is also working with several notable inspection service providers globally and has partnered with industry leader POWER Engineers.

“We are excited to invest in Buzz Solution’s artificial intelligence technology that allows energy companies to cost-effectively inspect crucial infrastructure,” said Andrew Heyman, Partner at GoPoint Ventures. “As SaaS investors with a long history of also owning assets in the power and energy sector, we think that Buzz’s predictive analytics and actionable insights are the most accurate and comprehensive on the market.”

“Our technology has never been more important not only to help save utility teams a tremendous amount of time and money, but to help prevent dangerous situations, like wildfires and power outages, to keep people and property safe,” said Kaitlyn Albertoli, co-founder and CEO, Buzz Solutions. “The new infrastructure bill passed by Congress will be a tremendous push in the right direction for utilities to modernize their grids, onboard renewables at accelerated rates and continue to electrify in a more stable way. It’s a major opportunity to innovate and transform the industry as we move to a decarbonized future.”