Torch Systems raises $11.5M to watch the grid in real time
What's the deal? Torch Systems, a remote monitoring provider for electric grids and other infrastructure, has raised $11.5 million in equity and debt, chief executive officer Vasya Tremsin told Axios Pro.
What's the endgame? The company builds remote monitoring systems for electric grids and other infrastructure. It has expanded beyond its original focus on wildfire detection.
The signal: Grid monitoring is drawing investor attention as utilities face rising pressure to prevent wildfires and keep aging infrastructure running. Torch's move past pure fire detection into broader grid oversight tracks that wider demand.
Read more: Axios
Image credit: Oran Viriyincy
