2025-03-25 Safegrid, a leading provider of intelligent grid monitoring solutions, has appointed one of its Founders, Jussi Hakunti, to lead its fast growth in the USA market. The company has also closed 8,5MEUR of growth funding for implementing a renewed strategy that aims at leadership in Asset Health Intelligence.
“The future of operations and maintenance, as well as asset management, is based on accurate, real-time understanding of the actual condition of the electrical assets. With Safegrid, utilities gain a laser-vision to the condition of their assets and enjoy the benefits of intelligent analytics that prioritize findings for different uses in outage management, predictive maintenance and wildfire mitigation,” says Paula Laine, CEO of Safegrid Oy
“We see a solid demand for our Smart Fault Location™ and Smart Fault Prediction™, as well as our Asset Health Intelligence vision in the USA market, and to lead the fast growth, we have nominated our Founder Jussi Hakunti, as President Safegrid USA. Jussi has a strong end-to-end understanding spanning from technology development all the way to customer operations, which makes him the ideal partner for the US customers to plan and implement their intelligent grid monitoring journey with. Jussi will complement our existing team of VP, Sales Mike Burns and Technical Solutions Specialist James Hobbs, and elevate our presence in the US to the next level.”
To back up Safegrid’s ambitions growth plans, the company has recently closed 8.5MEUR of funding, with existing and new investors, including a new strategic lead investor G&W Electric. “The funding announced today demonstrates a strong commitment of our investors to our technology and team, which we are proud and thankful for,” states Paula Laine.
“With a growing US customer base, including several Tier1 IOUs, I feel now is the right time to switch into full gear in the USA,” states Jussi Hakunti, President of Safegrid USA. We are especially excited with the success that we are witnessing with our Smart Fault Prediction™ solution, which our customers have used successfully to identify issues such as leaking insulators, failing surge arrestors, and intermittent faults before they lead to outages.”
“With 70 customers globally, who own over 4 million kilometers of grid, Safegrid has come a long way. We have the right technology, strategy, funding, partners and team in place to unfold our Asset Health Intelligence vision,” concludes Paula Laine.
For further information, please contact:
Paula Laine, CEO Safegrid Oy, +358 40 535 9911, paula@safegrid.io
About Safegrid Oy:
Safegrid Oy is a leading provider of intelligent grid solutions that help utilities and grid operators locate, predict, and prevent grid faults. With its innovative Intelligent Grid System®, Safegrid enhances grid performance and reliability with instant-on wireless sensors and AI-enhanced analytics, ensuring a safer and more resilient power supply. Safegrid is headquartered in Espoo, Finland. For more information, visit www.safegrid.io
About G&W Electric:
Founded in 1905, G&W Electric is a global leader in innovative power grid solutions, offering advanced load and fault interrupting switches, reclosers, sensors, system protection equipment, power grid automation, and transmission and distribution accessories. Headquartered in Bolingbrook, Illinois, U.S.A., with manufacturing and sales support in over 100 countries, G&W Electric helps customers overcome challenges and gain a competitive edge with cutting-edge products and technical services. For more information visit www.gwelectric.com Follow G&W Electric on Twitter @GW_Electric and LinkedIn.
