AI Company Wants to Cut Climate Risk and Prevent Wildfires

An artificial intelligence company that counts some of the largest U.S. utilities as its clients raised $60 million to help energy and infrastructure companies prevent fires, outages, explosions and worker accidents.

The investment round, led by Energize Ventures, includes power companies American Electric Power Co. and National Grid Plc, Urbint said in a statement on Tuesday. The company combines environmental and infrastructure data to foresee and head off damage from incidents ranging from storms to excavation.

“Our vision is to build a world with zero safety incidents and part of that is definitely saving lives,” Corey Capasso, founder and ...