Rhizome Raises $6.5 Million in Seed Round
Rhizome, a Washington, DC-based climate resilience planning platform for the power grid, has raised $6.5 million in seed funding.
The round was led by Base10 Partners, with participation from MCJ, CLAI, Convective Capital, El Cap, Streetlife Ventures, Stepchange, and Everywhere.
Base10 Partners is a venture capital firm that invests in early-stage companies leveraging automation in traditional industries. Headquartered in San Francisco, California, Base10 invests in sectors such as fintech, foodtech, logistics, retail, and health. The firm invests globally, including in regions such as the USA, Africa, and Southeast Asia.
The company will use the funds to grow its AI platform, support R&D for new products, expand the team, and scale operations domestically and internationally.
Founded in 2023, Rhizome provides an AI-powered software platform to help electric utilities assess and mitigate climate-related risks to their infrastructure. Its flagship platform, Aspen, integrates grid data, climate models, and equity metrics to provide utilities with a comprehensive view of vulnerabilities and investment priorities. By leveraging AI against climate risk data and digital representations of the physical grid, Rhizome's platform identifies vulnerabilities and prioritizes resilience investments and upgrades. Its products gridADAPT, gridFIRM, and gridCAVA—are built on the scalable Aspen platform. Rhizome clients include Avangrid, Seattle City Light, Vermont Electric Power Company, and Vermont Electric Cooperative.
Funding Details
Company: Rhizome, Inc.
Raised: $6.5M
Round: Seed
Funding Date: May 2025
Lead Investor: Base10 Partners
Additional Investors: MCJ, CLAI, Convective Capital, El Cap, Streetlife Ventures, Stepchange, Everywhere
Company Website: https://www.rhizomedata.com/
Software Category: Climate Resilience / Infrastructure Planning / AI for Utilities