Overstory Secures $43 Million Series B to Expand AI‑Powered Vegetation Intelligence for Utilities

Amsterdam‑based climate‑tech company Overstory has secured a $43 million Series B funding round to scale its AI‑powered vegetation intelligence platform that helps utilities prevent wildfires, reduce outages and strengthen grid resilience. The financing round reflects growing investor confidence in technologies that harness artificial intelligence and satellite data to tackle climate‑driven infrastructure risks.

Founded in 2018 by co‑founders Indra den Bakker and Anniek Schouten, Overstory’s platform combines high‑resolution satellite imagery with proprietary machine learning models to analyse vegetation around power lines and critical infrastructure. By identifying specific trees and vegetation that pose heightened risks of power outages or wildfire ignition, utilities can shift from reactive maintenance to targeted, risk‑based resilience strategies — an approach that is increasingly essential as climate extremes intensify.

The latest Series B round was led by Blume Equity, a European climate‑tech growth equity firm that specialises in supporting scale‑ups tackling sustainability and resilience challenges. Blume Equity’s leadership in this funding underscores the strategic importance of Overstory’s work at the intersection of climate technology, energy infrastructure, and artificial intelligence.

Joining Blume Equity in the round was global energy investment firm Energy Impact Partners (EIP), which focuses on technologies that reshape the energy and utility sectors with innovation. In addition, several existing investors participated in the funding, strengthening Overstory’s backing from a broad base of climate and technology‑focused capital. These returning investors include B Capital, Semapa Next, Pale Blue Dot, CapitalT, Convective Capital, Bentley Systems, MCJ and Moxxie Ventures, highlighting continued confidence in the company’s growth trajectory and platform impact.

Overstory’s technology has gained traction among major utilities across North America and Europe, with the company now serving several of the largest investor‑owned utilities and cooperatives focused on operational safety and reliability. Its algorithms process vast amounts of geospatial data to provide utilities with actionable insights that help prioritise vegetation maintenance and wildfire prevention investments more precisely — a shift that can significantly reduce operational costs and community risk.

The fresh capital will be directed toward advancing Overstory’s AI‑based risk models, including its wildfire prevention offerings, and expanding the platform globally. Improving and enhancing predictive capabilities enables utilities to anticipate and mitigate emergent threats, such as fire‑prone vegetation encroachment and extreme weather‑linked stress on power grids. In addition, the funding will support deeper market penetration beyond North America and Europe into broader international territories where infrastructure resilience requirements are mounting.

Overstory’s growth has been accompanied by organisational expansion. The company has grown to more than 80 employees representing diverse expertise in machine learning, data science, forestry, wildfire management and utility operations. Additionally, Overstory recently appointed Tamara Mendelsohn — a seasoned executive with prior experience at Eventbrite — as its Chief Operating Officer, signalling a strategic push to scale the organisation and commercial operations as it enters the next phase of growth.

The Series B financing comes after several earlier fundraisers that helped establish and scale Overstory’s core technology. Before the latest round, the company had raised capital from investors including CapitalT and Moxxie Ventures in earlier seed and growth stages, building the foundation for its current leadership in vegetation intelligence solutions.

Overstory’s AI‑driven platform addresses one of the most persistent and costly challenges facing utilities: vegetation management. Trees and other vegetation are among the leading causes of power outages and can spark wildfires when in contact with electrical infrastructure, especially during periods of drought or extreme heat. By pinpointing high‑risk vegetation on a tree‑by‑tree basis, the company helps utilities optimise maintenance schedules, prioritise high‑impact interventions and enhance community safety.

As climate change continues to exacerbate weather extremes and wildfire risk, investments like this Series B round position Overstory to play a pivotal role in how utilities adapt their operations for future resilience. The company’s technology offers a proactive, data‑driven alternative to traditional reactive approaches, empowering partners to build safer, more reliable power grids while addressing broader environmental challenges.