April 7, 2026
Splice N Connect Announces Successful Final Close of $1.75M Pre-Seed Round to Address Critical Grid Reliability Challenges Amid Surging Power Demand
Calgary, AB, April 7, 2026: Splice N Connect Inc. ("Splice N Connect"), a Calgary-based energy technology company modernizing electrical grid reliability, today announced the successful close of its $1.75 million pre-seed funding round, led by Avatar Leadership Fund ("Avatar"), with participation from Phoenix Fire: Archangel Network of Funds, Valhalla Private Capital, Startup TNT, and a group of family offices and angel investors.
This milestone marks the completion of Splice N Connect's previously announced financing and underscores growing investor confidence in the company's mission to solve one of the most pressing vulnerabilities in modern energy infrastructure: the lack of visibility at cable connection points, which are responsible for more than 55% of grid failures.
As electrification accelerates and power demand surges—driven by artificial intelligence, data centers, and renewable energy integration—this foundational blind spot poses a significant risk to grid reliability, safety, and performance across the globe.
Founded through the 2023 Avatar Studio, Splice N Connect is commercializing a proprietary, non-invasive smart sensing device and analytics platform that delivers continuous, real-time visibility into both underground and above-ground cable connections. By enabling predictive fault detection, optimized maintenance, and reduced operational costs, the company is helping utilities, renewable energy operators, and large industrial users proactively manage increasingly complex power networks.
The company has demonstrated strong momentum over the past year, including winning the 2024 Decentralized Energy Canada Pitch Competition and is an Alumni of the 2025 Creative Destruction Lab (CDL) Rockies program, VentureLAB cohort, Elevate Women+, and Global Energy Mentor's, further validating both the company traction and market potential.
Proceeds from the financing will be used to complete product development, advance field testing and pilot deployments, and accelerate commercialization across key customer segments.
"We are proud to have successfully closed this round and to deepen our partnership with Avatar. Having built Splice N Connect within Avatar's Studio, we've benefited from their hands-on approach and deep industry expertise. This milestone allows us to accelerate our path to market at a time when grid reliability has never been more critical."
— Taban Sabih, CEO and Founder of Splice N Connect
"Splice N Connect is tackling a foundational challenge in energy infrastructure with a highly differentiated and scalable solution. We are excited to support the team as they move from development to deployment and begin delivering measurable impact across the grid ecosystem."
— Bryan Trudel, Partner of Avatar Leadership Fund and Co-Founder of Avatar Innovations
About Splice N Connect
Splice N Connect Inc. is a Calgary-based energy technology company transforming grid reliability by enabling direct monitoring of cable connections the most failure-prone components of electrical infrastructure. Its non-invasive smart sensing and analytics platform provides utilities, renewable operators, and industrial customers with continuous, predictive insights into network health, enabling proactive maintenance, improved performance, and significant cost savings.
For more information, visit: https://www.splicenconnect.com
About Avatar Leadership Fund
Anchored by a lead investment from Cenovus Energy Inc. and supported by leading family offices and investors across Canada, the $2.5 million Avatar Leadership Fund provides early-stage risk capital to high-potential companies emerging from Avatar Studio and select few promising startups. The Fund aims to bridge the critical funding gap for early-stage energy transition technologies and accelerate Canada's leadership in industrial decarbonization.
For more information, visit: www.avatarinnovations.energy