Amsterdam’s Overstory secures $43M in major climate-tech funding round
New funding for climate-driven risks
Overstory, the Amsterdam-based climate-tech company using AI and satellite intelligence to help utilities prevent wildfires and grid outages, has closed a $43 million Series B round. The investment, led by Blume Equity alongside Energy Impact Partners and a roster of returning investors, underscores growing global demand for technologies that can anticipate climate-driven risks before they turn into costly disasters.
Wildfire seasons that once seemed distant from northern Europe are now becoming a regular part of its climate reality. Prolonged drought, record temperatures and shifting weather patterns are making vegetation drier, less predictable and far more dangerous near grid infrastructure. For utilities, vegetation contact remains one of the biggest triggers for outages and wildfire ignitions, and traditional, reactive maintenance simply cannot keep pace.
This is where Overstory’s technology steps in. The company’s platform combines high-resolution satellite imagery with proprietary AI models to analyse vegetation at scale, identifying the specific trees and stretches of network most likely to fail or ignite fires. Rather than treating entire regions as uniform risk zones, Overstory pinpoints the highest-risk assets with precision, allowing utilities to direct crews and budgets far more strategically.
The new capital will fuel several strategic priorities:
• expansion of Overstory’s wildfire-intelligence tools, including its new Fuel Detection Model, which maps flammable vegetation and dynamic fuel loads in near-real time
• rollout of next-generation AI risk models that promise greater accuracy under shifting climate conditions
• global growth, scaling operations from its hubs in Amsterdam and Boston to new markets across Europe, North America and beyond
• organisational strengthening, including the appointment of former Eventbrite CMO Tamara
What this means for Amsterdam
For Amsterdam, the deal is another signal of the city’s strengthening position as a European centre for AI-enabled sustainability innovation. Climate-tech, utility-tech and cleantech solutions are becoming a central pillar of the region’s energy-transition agenda, attracting talent, capital and international visibility.
Overstory’s growth aligns with broader trends shaping the Netherlands’ climate policy landscape from grid-modernisation efforts to the country’s growing emphasis on climate adaptation and nature-based resilience.
The company’s Series B raise shows how quickly the market for predictive climate-risk tools is maturing, with grid reliability becoming a cornerstone of the energy transition and climate risk becoming more complex. Overstory’s model offers a blueprint for how utilities can modernise their operations while protecting communities.