BluWave-ai Raises $8.1M Series A-2 Funding to Scale AI Grid Software
What happened
On November 12, 2026, BluWave-ai, an Ottawa-based company, announced it had raised $8.1 million in Series A-2 funding along with additional federal and bank financing. The funds will be used to expand its AI software that manages electricity grids and electrified transport systems. The company plans to strengthen its Canadian operations, grow its engineering team, develop its patent portfolio, and support international business development. BluWave-ai’s technology is already in use across North America and Asia, with ongoing projects in Ontario involving local utilities.
Key details
- BluWave-ai has raised over $24 million since its founding in 2017.
- The company has filed 84 international patents, with 17 granted or allowed.
- Its AI engine powers three products: EV Everywhere, Energy Storage Autopilot, and Data Center Autopilot.
- The latest funding includes contributions from Capital Angels Network and support from RBC and BMO.
- New board members Mario Montana and Suzanne Grant were appointed as part of this round.
Why it matters
Utility companies, energy storage operators, and data centers in North America and Asia now have expanded access to BluWave-ai’s real-time optimization software, which can help manage grid demand and renewable integration. The new funding allows BluWave-ai to enhance its products and scale internationally, offering these groups improved tools for balancing energy loads and reducing reliance on high-emission generation. Investors and partners gain a more robust company with a larger patent portfolio and a strengthened management team, ahead of a potential larger institutional investment round.