This newsletter covers insights into ClearSky’s recent investments, portfolio company news, and industry developments shaping the future of Energy Transformation and Cybersecurity.
In January 2026, Security I portfolio company Altamira, a prime contractor providing cybersecurity and space related services to the U.S. government, was acquired by Parsons, a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets, for $330 million of cash at closing plus an additional $45 million cash earn out payable in Q1 2027 if certain EBITDA targets are met during 2026. (Read More).
In October 2025, Security I portfolio company Inky, an AI-based anti-phishing platform designed to track and block unusual or suspicious threats, was acquired by Kaseya, a leading global provider of AI-powered IT and security management software. (Read More).
In September 2025, Harness acquired Fund IV portfolio company Qwiet AI, a leader in AI-powered vulnerability detection, to strengthen application security by embedding reachability analysis into its platform. This integration enables development teams to reduce security alert noise and prioritize genuine risks, allowing faster code delivery without compromising safety in the era of AI-assisted development. (Read More).
In April 2026, Power II invested $2 million in Renew Home‘s $50 million growth round. The funding supports Renew Home’s next phase of commercial scale as it continues to grow its Energy Shift Capacity (ESC) program and virtual power plant (VPP) platform, while advancing partnerships with utilities. Renew Home was named one of Fast Company’s Most Innovative Companies of 2026, highlighting its work connecting millions of households into a virtual power plant. (Read More).
In March 2026, Security I backed Query.AI‘s convertible note round, building on Query.AI’s momentum following a significant enterprise deal with a major utility provider. Query.AI also launched Federated Detections, a new capability that decouples detection logic from data ingestion. (Read More).
In February 2026, ClearSky Fund IV co-led XGS Energy‘s Series B financing round. XGS is scaling development on its New Mexico geothermal project with Meta and has signed key partnerships with Baker Hughes for drilling and Vallourec for subsurface pipe supply. XGS was also named one of Fast Company’s Most Innovative Companies of 2026, pointing out its breakthrough in next-generation geothermal technology. (Read More).
In December 2025, Power II invested $1.5 million in EdgeQ‘s $11 million convertible note financing. EdgeQ won a major nationwide 4G/5G public safety network deployment and is powering Airspan Networks’ new AirUnity small cells for carrier and enterprise LTE/5G deployments. (Read More).
In December 2025, Security I invested $1 million in Mitiga‘s $6.6 million Series B extension round. Mitiga won several large customer logos including a tier-1 US bank and launched Helios AI for alert triage and incident response. (Read More).
AppOmni was named Growth and Innovation leader in the Frost Radar™ SaaS Security Posture Management for the second consecutive year. AppOmni also received Frost & Sullivan’s Best Practices Technology Innovation Leadership Recognition in the global SaaS Security Posture Management industry. (Read More).
Arctic Wolf launched the world’s largest commercial agentic Security Operations Center (SOC), introducing agent-led security operations to usher in a new era of autonomous threat detection and response. The platform combines Arctic Wolf’s MDR expertise with advanced AI capabilities to deliver faster, more efficient security operations. (Read More).
Beacon AI Centers is advancing large-scale data center development, including a proposed project in New Brunswick, Canada in partnership with VoltaGrid. The company is building a pipeline of powered land opportunities across U.S. and Canadian markets, targeting growing hyperscaler demand for AI infrastructure, while continuing to scale its platform and leadership team. (Read More).
BigID was named a Leader in the IDC MarketScape for Worldwide Data Privacy Compliance Software 2025, reflecting its capabilities across data discovery, classification, and regulatory coverage. The recognition comes as BigID continues to expand its platform with agentic AI functionality and GenAI-driven data classification, aligning its product development with growing enterprise demand for AI governance and data control. (Read More).
Databricks announced it crossed a $5.4 billion revenue run-rate, delivering ~65% year-over-year growth during its Q4 2025. Databricks is raising more than $7 billion in total funding, including approximately $5 billion in equity at a $134 billion valuation and $2 billion in additional debt capacity, to support expansion of Lakebase and Genie. (Read More).
Diamanti is partnering with GE Vernova to support the deployment of AI and grid applications for utility customers, marking a notable step in its push into energy and infrastructure markets. Diamanti is building out capabilities to support utility-focused workloads, including a new application catalog and AI/ML infrastructure, as it expands relationships with utility software providers and targets broader adoption across the sector. (Read More).
Fermata, Pacific Gas and Electric Company, Nissan and the Schatz Energy Research Center are partnering on a first-of-its-kind project that uses electric vehicles and bidirectional chargers within a multi-customer microgrid to deliver automated frequency response and strengthen grid resilience. (Read More).
Fortress has been awarded an IDIQ contract to support the Naval Air Systems Command (NAVAIR) in developing and sustaining a Cyber Supply Chain Risk Management capability. Under the contract, Fortress will provide advanced software, analytics, and integration services to strengthen the Navy’s cyber supply chain resilience and protect mission readiness. (Read More).
Guardz Wins Pioneering AI-Powered Threat Detection and Response in the 14th Annual Global InfoSec Awards at RSAC 2026, highlighting traction for its unified, MSP-focused security platform. The company now serves thousands of MSPs, as it continues to consolidate security tool sprawl into a single AI-driven solution and expand through strategic partnerships. (Read More).
Human announced support for the Bedrock AgentCore browser within its AgenticTrust platform, the first adaptive trust layer for agentic commerce, verifying traffic from Amazon Bedrock AgentCore to ensure secure interactions in the rapidly evolving AI agent ecosystem. (Read More).
Mainspring and Utah Municipal Power Agency (UMPA) announced UMPA’s selection of Mainspring Linear Generators to supply 48 MW of new dispatchable local generation capacity. The greenfield project, scheduled to begin operation in central Utah in 2027, will cost-effectively deliver significant new capacity to UMPA’s member cities. (Read More).
Optiv is highlighting a shift away from “zero vulnerability” approaches toward risk-based security as AI-driven threats become more sophisticated, pushing enterprises to prioritize resilience and governance over technical perfection. The company is aligning its strategy with this shift, focusing on helping customers manage AI risk and integrate security more directly into business decision-making. (Read More).
ProcessUnity and YASH Technologies have formed a strategic partnership to combine specialized GRC consulting with an industry-leading TPRM platform. This collaboration empowers organizations to strengthen their risk oversight and build resilience against an increasingly complex global landscape. (Read More).
Sceye successfully completed its Endurance Program, with its SE2 high-altitude platform system (HAPS) completing a 12-day, 6,400-mile stratospheric flight from New Mexico to the coast of Brazil. The flight validated Sceye’s solar-powered energy loop, in-house manufactured hull, and station-keeping capabilities, maintaining position within a 1 km radius for over 88 hours. Pre-commercial test flights with SoftBank Corp. are scheduled for summer 2026 in Japan. (Read More).
Ubicquia has been included in GovTech Top 100 for 2026. This annual list, compiled and published by Government Technology, highlights 100 companies focused on making a difference in and selling to state and local government agencies across the United States. (Read More).
Utility Innovation Group (UIG) announced a strategic acquisition to expand its infrastructure delivery capabilities and strengthen its presence across North America. The move comes as UIG deepens its position with hyperscaler AI data center customers, securing contracts across all five major hyperscalers and winning a 227 MW data center project slated for 2026/2027. (Read More).
Energy Demand Explosion: Data Centers and AI Reshape Power Markets
AI is transforming energy infrastructure with breakthrough innovations designed to meet the massive power demands of data centers and global AI adoption. From AI-enhanced solar systems that intelligently reposition for optimal energy generation to smart home battery storage solutions, the technology is unlocking new pathways for scalable, efficient, and resilient clean energy systems that will power the next generation of AI applications.
Securing AI: New Vulnerabilities as Systems Scale
As AI systems become increasingly integrated into critical infrastructure and enterprise environments, cybersecurity challenges are evolving rapidly. Understanding the threats and defensive strategies for AI-powered systems is essential for organizations building secure AI deployments.
Ryan brings more than two decades of cybersecurity and technology leadership from Apollo Global Management, where he served as Chief Security Officer and Chief Technology Officer, along with prior experience in senior cybersecurity roles at JPMorgan, TIAA-CREF, and PricewaterhouseCoopers.
Daniel brings more than three decades of capital raising and investor relations expertise from leading roles at Global Infrastructure Partners (BlackRock), UBS, and Merrill Lynch, where he led wealth management and capital formation initiatives across the US and Asia-Pacific regions.
After joining as an Analyst in 2023, Anjali has contributed to numerous investments, including EdgeQ, Mitiga, and Guardz.
Owen is focused on driving the firm’s AI strategy and implementation efforts.
Thank you for your support and feel free to contact us.
Sincerely,
The ClearSky Team
