Avatar Leadership Fund leads a $1.75 million pre-seed funding round for Splice N Connect, a Calgary-based startup focused on enhancing grid reliability through innovative monitoring technology.

Target Information

Splice N Connect is a Calgary-based startup that addresses a significant challenge within North America's aging grid infrastructure: the lack of visibility of connection points of under and above-ground cables. This issue is critical, as it has been implicated in over 55% of failures within the grid system. With increasing power demand due to widespread electrification and burgeoning needs from sectors such as AI and data centers, the necessity for robust monitoring and management technologies is ever more pressing.

Founded in 2023 as a spin-off from Avatar Studio, Splice N Connect is dedicated to commercializing its innovative technology. The startup has developed a non-invasive smart sensing device in conjunction with a proprietary software platform designed for real-time monitoring of cable connections. This solution not only enhances operational efficiency but also aids in predicting failures, ultimately leading to cost reduction and greater system reliability.

Industry Overview in Canada

The energy sector in Canada is undergoing a transformative transition as it adapts to increasingly complex energy demands and a pressing need for decarbonization. Amid an economy heavily reliant on traditional energy sources, innovations such as tho