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About Gridware
Industries
Data & Analytics
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$42.3M
Headquarters
San Francisco, California
Founded
2020
Overview
Gridware focuses on enhancing the electrical grid's safety and reliability. Their main product is the active grid response (AGR) platform, which utilizes high-precision mechanical sensors to monitor various aspects of the grid, including electrical, physical, and environmental factors. This monitoring allows Gridware to identify potential issues early, enabling proactive maintenance and reducing the risk of outages. Unlike many competitors, Gridware's approach emphasizes a comprehensive understanding of the grid's conditions, which helps improve overall efficiency and safety. The company's goal is to ensure that the electrical grid operates smoothly and reliably, ultimately contributing to a more resilient energy infrastructure.
Simplify's Take
What believers are saying
- Gridware raised $26.4 million in Series A funding led by Sequoia Capital.
- The integration of AI in grid monitoring is a growing trend benefiting Gridware.
- Gridware's focus on wildfire prevention aligns with increasing climate-tech demands.
What critics are saying
- Increased competition from companies like Ventiva may impact Gridware's market share.
- Rapid innovation in climate-tech could outpace Gridware's current offerings.
- Major players like GE Vernova and Eaton may overshadow smaller companies like Gridware.
What makes Gridware unique
- Gridware specializes in real-time power grid monitoring and wildfire prevention.
- The company leverages AI to enhance fault detection and grid reliability.
- Gridware's technology is deployed across five states, collecting over one million hours of data.
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Funding
Total Funding
$42.3M
Above
Industry Average
Funded Over
3 Rounds
Y CombinatorIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Parental Leave
Unlimited Paid Time Off
Commuter Benefits
Company-paid training
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 1%2 year growth
↑ 0%Ventiva, developer of a thermal management technology designed to bridge the gap between active and passive thermal management in a solid-state form factor, raised $24.34 million through a combination of debt, Series C1 and Series C2 venture funding in a deal led by IAG Capital Partners.
Gridware last week raised $26.4 million in Series A financing, led by Seqoia Capital, with participation from existing backers Fifty Years, Lowercarbon Capital, True Ventures, and Convective Capital.
Gridware, a continuous power grid monitoring solution provider, today announced its Series A funding of $26.4 million led by Sequoia Capital.
Gridware (www.gridware.io), a continuous power grid monitoring solution provider, today announced its Series A funding of $26.4 million led by Sequoia Capital.
Leaders from Eaton, GE Vernova, NVIDIA Added to High-Powered Speaker LineupOAKLAND, Calif., Oct. 21, 2024 /PRNewswire/ -- Artificial intelligence for nuclear power generation, carbon-sequestering biochar, long-duration energy storage, submetering and managed charging for electric vehicles, real-time fault detection sensors, a prescribed-burn machine, advanced drones for system inspections, and new undergrounding systems are among the novel solutions and technologies that will be on display November 13 during Pacific Gas and Electric Company's (PGE) 2024 Innovation Summit presented in collaboration with DISTRIBUTECH® in San Jose. Press Release Innovation Summit. "We are proud to work with leading companies advancing energy-focused AI applications, and fire-tech and climate-tech solutions to drive impact across our system with minimal impact to customer bills," said Quinn Nakayama, Senior Director, Grid Research Innovation and Development, PGE. "We see the potential for innovation to address emerging challenges across our operations, and we recognize the tremendous opportunity that innovation offers to transform our energy system to deliver for our people, the planet and the prosperity of California for generations to come. Other utilities' challenges of tomorrow are PGE's realities of today, so I look forward to engaging at the summit to share ideas, and–in the spirit of mutual aid and support--I strongly encourage my utility peers across the country to join us in-person on November 13 in San Jose."Several industry leaders were recently added to the 2024 Innovation Summit's high-powered speaker lineup including:Sean Moser, Senior Vice President Chief Product Officer of GE Vernova's Grid Softwaret team and Igor Stamenkovic, Senior Vice President General Manager, Electrical Services and Systems Division, Eaton will join Joe Bentley, Senior Vice President, Electric Engineering, PGE for a discussion on the future of electric planning
Gridware is Hiring for 27 Jobs on Simplify!
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About Gridware
Industries
Data & Analytics
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$42.3M
Headquarters
San Francisco, California
Founded
2020
Gridware is Hiring for 27 Jobs on Simplify!
Find jobs on Simplify and start your career today