Southwire reports that the company has made an investment in HData, a software company that automates regulatory data analysis.

A press release said that HData, based in Birmingham, Alabama, digitizes regulated energy industry data by automating access to critical analytics for electric, oil and gas companies and their regulators. “Our investment in HData gives us a valuable partnership in the rapidly developing world of AI for business intelligence,” said Charles Hume, managing director of Southwire Technology Ventures. “As a leading supplier to the utility industry, we are excited about the insights that our partnership with HData will provide into the industry.”

As a part of this investment, Southwire will join HData’s Advisory Board, represented by Donna Ward, gaining further insights into the utility industry. HData’s proprietary software can scan and extract insights from Federal Energy Regulatory Commission (FERC) reports, turning multi-thousand-page PDFs into actionable charts, comparisons and insights.

HData joins a portfolio of investments managed by the Southwire Technology Ventures team. This team collaborates with pioneering startups to build the future of smart power within the realms of smart buildings, electric mobility and the grid of the future.