Itron’s $325M Urbint acquisition signals utilities’ new appetite for innovation. (The Gist)
The deal marks one of the largest climate resilience software exits to date—and a rare bright spot in a year when climate tech M&A fell 25%. Urbint’s AI-driven risk prediction tools will now help Itron expand its grid modernization and safety portfolio.
Founder Corey Capasso says the acquisition proves utilities are no longer startup graveyards: Long sales cycles remain, but urgency around infrastructure resilience and extreme weather has opened the door for scalable, high-impact solutions.
With 92% of climate tech exits now happening via acquisition, Urbint’s sale underscores how founders can win in the utility space—by solving existential problems, showing fast operational value, and pairing patient capital with deep domain expertise.