Splight Raises $12.4M to Expand Transmission Capacity with Machine Learning Amid Surging Demand from Data Centers and Utilities

With over 3 gigawatts of grid assets already under management, Splight aims to use the fresh capital to accelerate the deployment of Dynamic Congestion Management™ on grid systems across U.S. and Europe

SAN FRANCISCO, Aug. 26, 2025 /PRNewswire/ -- Splight, a U.S.-based grid technology company deploying machine-learning solutions that unlock capacity on congested electric grids, today announced a $12.4 million SAFE funding round led by Blue Bear Capital, with participation from ZOMA Capital. The funding will support Splight's continued expansion in North America and Europe, with a focus on scaling both its commercial and technical teams at a time of unprecedented growth in demand for power from electric grids across the globe.

"Our technology solves one of the most urgent problems facing the grid today: how to deliver more electricity without waiting years for new transmission to be built," said Fernando Llaver, CEO and co-founder of Splight. "This new capital allows us to scale deployments of our flagship Dynamic Congestion Management™ product, unlocking the kind of transmission capacity that is urgently needed by grid participants like AI data centers and utility-scale grid resources."

The new funding will enable Splight to:

• Accelerate the deployment of its Dynamic Congestion Management™ (DCM) in the U.S., where grid congestion and decades-long transmission construction timelines are resulting in the curtailment of renewable energy resources and multi-year grid interconnection queues for new generation and large loads alike.
• Launch new technical capabilities, including:
  • AI-Enabled Electrical Studies for Data Centers: Splight's brand-new approach to electrical studies brings the antiquated process into the 21st century and considers new capabilities based on real-time data to shorten data center interconnection timelines.
  • Enhanced DCM™ algorithms: New capabilities to help grid participants navigate the evolving requirements for integrating new large loads.
  • DCM™ Sandbox: A new modeling tool that streamlines the ability of operators to visualize potential DCM-enabled transmission gains in a virtual grid environment, which will include a demo control center in Splight's expanded SF office.
  • Real-Time Simulation (RTS): A new feature for solution validation which allows engineers to conduct Hardware-in-the-Loop testing directly in the Splight Technology platform.
• Expand the footprint of its headquarters in San Francisco, relocating to a new office space along the Embarcadero and growing the headcount of its Bay Area-based technology and product teams.

Using its advanced machine-learning algorithm to safely and reliably unlock capacity on existing transmission lines, Splight's DCM™ solution has seen rapid adoption across various geographies and regulatory environments. Unlike Dynamic Line Rating (DLR) solutions – which depend on weather and other variable conditions, resulting in a limited increase to capacity – DCM™ introduces an entirely new layer of grid reliability by ingesting real-time grid data and using a proprietary machine-learning algorithm to turn every Fast-Responding Asset (FRA) on the grid into a source of added robustness for the system. Using Splight's DCM™ technology, FRAs, such as battery storage and data centers, become operational tools that can reliably respond to varying grid conditions to consistently unlock up to 100% more transmission capacity on existing infrastructure (dependent on system characteristics).

"From the moment we met the Splight team, we were impressed with the team's deep operational knowledge of the grid and their machine learning expertise," said Carolin Funk, partner at Blue Bear Capital. "That unique background and their proven track-record of global deployments provide operators of critical energy infrastructure with the confidence to deploy Splight's cutting-edge technology across grid assets that form the backbone of our economies and societies."

Commercially, the new capital will support Splight's go-to-market strategy for its DCM™ technology as the company works to alleviate transmission congestion for both renewable generators and large loads in specific nodes across North America and Europe. DCM™ can be deployed by utilities to provide extra transmission capacity or to increase operational reliability across their systems, or by individual renewable power plants or large loads that are constrained by their inability to access transmission, providing them with a targeted approach to achieve speed to power and the option to BYOTC (Bring Your Own Transmission Capacity).

About Splight
Splight is a grid technology company headquartered in San Francisco, CA, with offices in Texas, Chile, and Spain. Its flagship product, Dynamic Congestion Management™ (DCM™), safely unlocks more transmission capacity to accelerate the deployment of clean energy and interconnection of new loads without requiring new lines or hardware. Splight works with utilities, renewable developers, and large loads to reduce curtailment, shorten interconnection timelines, increase reliability and maximize the use of existing infrastructure. To learn more, visit www.splight.com.

About Blue Bear Capital
Blue Bear is a venture capital and early growth equity firm driving digital technologies and machine intelligence into multibillion-dollar verticals across the energy, infrastructure, and climate industries. The team comes from leading energy private equity firms, startups, and large industrial technology developers. Blue Bear typically leads Seed through Series B rounds, with a portfolio covering operational AI, IoT, and cybersecurity technologies, all deployed with enterprise customers to drive connectivity and intelligence across the world's most critical industries. More information can be found at www.bluebearcap.com.

SOURCE Splight