Overstory
Category: AI in Climate / Energy
Overstory uses AI and satellite imagery to identify vegetation risks for utilities, preventing wildfires and power outages. Overstory was founded in 2018. The company is led by Fiona Spruill. Based in Amsterdam, Netherlands. Team size: 80+. Total funding raised: $67.9M. Latest round: Series B, $43.0M, 2024-11, led by Blume Equity. Key investors include Blume Equity, Energy Impact Partners, B Capital, Semapa Next, Pale Blue Dot, CapitalT, Convective Capital, Bentley Systems, MCJ, Moxxie Ventures.
- Founded
- 2018
- Headquarters
- Amsterdam, Netherlands
- Team size
- 80+
- Total funding
- $67.9M
Value proposition
Proprietary AI models and satellite data analysis enable proactive vegetation management, reducing fire risks and improving grid reliability.
Products and solutions
Wildfire Intelligence Platform, Fuel Detection Model (industry-first AI for wildfire risk prediction), Vegetation Management Solutions for power line safety
Unique value
Integration of high-resolution satellite data with AI to predict vegetation risks at the tree-level scale.
Target customer
Electric utilities and grid operators focused on wildfire mitigation and grid resilience.
Industries served
Energy/Utilities, Climate Technology, Environmental Risk Management
Technology advantage
Proprietary Fuel Detection Model and scalable AI platform for real-time risk assessment.
How they differentiate
Overstory differentiates through its AI-driven vegetation intelligence platform, advanced satellite imagery analysis, and partnerships with major utilities. Competitors often rely on traditional risk assessment methods or less specialized AI solutions.
Main competitors
LiveEO, Spottitt, AiDash
Key partnerships
Pacific Gas and Electric Company, Rappahannock Electric Cooperative, SMUD (Sacramento Municipal Utility District), Powder River Energy Corporation
Notable customers
Hydro Ottawa, IQGeo
Major milestones
$43M Series B funding (November 2024), Expansion to 6 top American utilities, Partnerships with industry leaders like Bentley Systems, AI platform integration with utility operations
Growth metrics
Served 6 of the top 10 utilities in the Americas; team scaled to 80+ employees (2023–2025)
Market positioning
Positioned as a leader in utility vegetation management using predictive analytics, targeting wildfire prevention and grid resilience for electric utilities, competing with geospatial and AI-focused startups.
Geographic focus
Primary focus on North America and Europe, with clients including top utilities in the Americas and partnerships with companies like Hydro Ottawa.
Patents and IP
None publicly disclosed
About Fiona Spruill
Former COO at Meetup, VP Product at OLIO, Editor at The New York Times; CEO at Overstory since 2023 leading AI-driven grid resilience solutions.
Official website: https://www.overstory.com