IONATE, a deeptech startup based in London, raised $17 million in Series A financing led by AlbionVC to enhance its smart grid technology. Founded in 2019 by Matthew Williams, IONATE offers a hardware-software system termed the Hybrid Intelligent Transformer (HIT) that optimizes power management. With participation from strategic investors such as In-Q-Tel and Santander InnoEnergy, the funding will enable IONATE to accelerate growth and initiate operations in the U.S. CEO Matthew Williams emphasizes the crucial timing of their technology as global industries push for modernization of their electrical systems.
Founded by Matthew Williams in 2019, IONATE is creating the hardware-software system for smart grids, revolutionizing the modern energy landscape.
David Grimm of AlbionVC states that IONATE's pioneering grid technology addresses the energy and environmental needs of today's electricity infrastructure.
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