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Urbint makes key acquisition in mission to increase resiliency to extreme weather

Nancy Dahlberg
Nancy Dahlberg
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Just six months ago, Urbint, a Miami-based company specializing in AI-driven risk management, raised $35 million in growth funding to bolster its storm response capabilities to support the country’s largest utility providers. It has developed a platform for identifying and mitigating threats to workers, critical infrastructure and communities.

Now, Urbint has announced that it has acquired StormImpact, an Ohio-based AI company that predicts the risk of storms, wildfires, and floods for utility infrastructure.  Terms of the transaction were not disclosed.

The latest news comes as weather-related disruptions to the U.S. power grid cost utility companies an average of $70 billion annually. By using AI to predict and mitigate risks to workers and infrastructure, Urbint’s platform allows these companies to stay a step ahead of storm threats. Urbint’s technology has already gained traction among industry heavyweights like Southern Company, Exelon, and National Grid.

StormImpact’s technology leverages AI and deep domain expertise to predict the specific location and magnitude of infrastructure risk and damage and is used used in over 15 states by some of the largest utilities in the country, including Southern Company, American Electric Power, and First Energy. 

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“This strategic acquisition combines Urbint’s existing Storm Response platform with StormImpact’s AI capabilities, empowering utilities to secure the right amount of resources and pre-stage crews in the right locations prior to outages,” says Corey Capasso, founder and CEO of Urbint.

“Having this intelligence at a granular subcircuit level helps utilities proactively navigate a major weather event by translating a weather forecast into operational decision making,” he adds.

The StormImpact team originated from Ohio State University. In 2023, the company received NASA funding to advance its research and development initiatives.

“We’re excited to be part of a larger resiliency solution for utilities and to continue to help mitigate the impacts of storms and other extreme weather events at a larger scale,” said Steven Quiring, co-founder of StormImpact and professor of Atmospheric Sciences at Ohio State. “By joining Urbint, we’ll be able to maximize the impact of our technology and help more utilities and communities.”

Urbint, founded in 2015, has been on an acquisition spree. In 2024, Urbint acquired WRM Software, utility incident management and storm response company, and after securing the growth funding  led by S2G Ventures. In early 2024, Urbint also acquired Competers, an underground infrastructure damage prevention. Urbint has raised about $130 million in venture capital. 

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Nancy Dahlberg
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