The parties will use the equity investment to develop new products and solutions for real-time monitoring of critical utility generation, transmission and distribution assets.
The investment will also facilitate expansion of Sensei’s domestic and international market strategies.
Sensei CEO Ashley Campbell said the partnership with Southern States will accelerate the development and adoption of next generation solutions that provide comprehensive monitoring for substation assets, high voltage transmission lines and integrated circuits.
"These solutions will provide our utility customers greater reliability and significant cost savings, while addressing growing regulatory oversight," Campbell said.
Southern States president and CEO Raj Anand said the inherent flexibility of the Sensei platform to provide out-of-the-box product applications, as well as configure-to-order solutions addressing utility-specific challenges, will be a valuable asset to the company’s customers.
Sensei is a smart grid solutions provider that enables utilities to achieve greater operational efficiencies, improve asset reliability and address growing compliance mandates.
Southern States is engaged in the design and manufacture of equipment for high voltage networks.
