Heimdall Power raised NOK 9.6 million from Saga Pure.

Heimdall Power, a Steinkjer, Norway-based energy analytics and monitoring company, announced a NOK 9.6 million ($1.1M) capital fynding deal.

The money was raised from Norwegian Saga Pure, which will increase its holding to a 18.3% ownership interest in the company. The deal is an extension to a NOK 155 million round backed by Saga Pure, KLP and other investors in the spring of 2021.

Heimdall Power, founded in 2015 as Policon AS and led by CEO Brage W. Johansen, makes the power grid smarter by installing neurons (bullets) - intelligent sensors on high-voltage lines, and providing insight for improved operations, better utilisation and reduced need for investments.