Overstory is a technology company.
Overstory has raised $25.0M across 4 funding rounds.
Overstory has raised $25.0M in total across 4 funding rounds.
Overstory has raised $25.0M in total across 4 funding rounds.
Overstory's investors include 10X Capital, 2.12 Angels, Afore Capital, Altai Ventures, Jean de Fougerolles, Autotech Ventures, B Capital Group, Bling Capital, Clocktower Technology Ventures, Coinbase Ventures, Concrete Rose Capital, Convective Capital.
Overstory is an AI-powered vegetation intelligence software company founded in 2018 that helps electric utilities manage vegetation risks to prevent wildfires and power outages.[1][2][4][5] It serves over 50 utilities worldwide, including 4 of the top 10 US utilities, by analyzing satellite imagery, aerial data, and local factors like terrain and wildfire maps to prioritize high-risk areas, optimize trimming budgets, and build resilient grid operations.[2][3][5] The company has raised $24.92M initially, followed by a $14M Series A and a $43M Series B, demonstrating strong growth momentum in the wildfire risk intelligence market where it ranks as a Challenger alongside Moody's and Verisk.[1][2][6]
Overstory addresses critical challenges like rising vegetation management costs (now 75% of utility overhead budgets), labor shortages (54.4% workforce turnover), and climate-driven risks from trees contacting power lines, enabling data-driven decisions over traditional cycles.[3][5]
Overstory was founded in 2018 in Lisbon by Indra den Bakker and Anniek Schouten with the mission to combat the climate crisis through real-time vegetation intelligence, starting with machine learning on satellite imagery to track forests.[2][4] Originally named Treely.ai, it pivoted to focus on utilities after proving its model in reducing wildfire risks and improving grid reliability, securing early partnerships with 40+ leading utilities.[1][2] Pivotal moments include a $14M Series A led by B Capital (with investors like The Nature Conservancy and Convective Capital) and a $43M Series B to scale AI capabilities, alongside expansion to a remote-first team across the US, Europe, and beyond.[2][6]
Overstory rides the wildfire risk intelligence trend, leveraging AI, geospatial tech, and climate data amid escalating extreme weather, aging grids, and regulatory pressures for resilience.[1][3] Timing is ideal as vegetation causes most grid-induced outages and fires, with expenses surging and labor dwindling—utilities now seek analytics over guesswork.[5] Market forces like climate crises and energy transitions favor it, positioning Overstory as a key enabler for safer grids that support renewables and electrification.[2][3] It influences the ecosystem by setting standards in utility tech, competing with LiveEO in earth observation, and accelerating proactive climate adaptation for critical infrastructure.[1]
Overstory is poised to dominate vegetation intelligence as grids face intensifying climate risks, with its $43M Series B fueling AI enhancements and global expansion.[6] Trends like real-time monitoring mandates, AI advancements in satellite data, and utility decarbonization will propel growth, potentially capturing more market share from incumbents. Its influence may evolve into broader climate tech, extending beyond utilities to forestry and infrastructure resilience—cementing its role in a safer, data-driven grid that powers thriving communities.[2][5]
Overstory has raised $25.0M across 4 funding rounds. Most recently, it raised $14.0M Series A in October 2023.