Overstory Secures $43M Series B Funding for AI-Based Vegetation Intelligence

Overstory, a leader in vegetation intelligence for the utility industry, has announced $43M in Series B funding led by Blume Equity, with participation from Energy Impact Partners LP and existing investors. The company plans to use the funds to accelerate development of its AI-based risk models, advance its wildfire prevention offering, and expand globally.

Overstory utilizes high-resolution satellite data and AI to help utilities pinpoint risks tree by tree, reducing outages, preventing wildfires, and ensuring power remains safe, reliable, and affordable. The funding follows seven years of growth, with Overstory now serving six of the ten largest utilities across the Americas. The team has grown to over 80 people, representing 16 nationalities, and spanning disciplines from machine learning and data science to arborists and wildfire experts.

The company's new Chief Operating Officer, Tamara Mendelsohn, brings experience in scaling a company from seed stage to IPO. Overstory has also expanded its Wildfire Intelligence product, backed by its proprietary Fuel Detection Model, to help utilities pinpoint areas across their network containing the highest risk fuels, where a spark is most likely to ignite and spread.

The company is headquartered in Boston and Amsterdam. Blume Equity, a European climate-tech growth equity firm, partners with disruptive climate tech scale-ups that increase efficiency and climate resilience. Energy Impact Partners LP is a global energy investor designed to drive innovation for a better energy future.