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GridBridge - About the company

GridBridge is an acquired company based in Raleigh (United States), founded in 2012. It operates as a Power delivery solutions improving utilities' operating performance at the grid edge. GridBridge has raised $500K in funding. The company has 5 active competitors, including 1 funded and 2 that have exited. Its top competitors include companies like Vizimax, NewGrid and GridSystems.

Company Details

Power delivery solutions improving utilities' operating performance at the grid edge. The company provides innovative solutions for electric utilities, focusing on the distribution grid. They address challenges related to distributed energy resources and demand reduction, offering reliable, efficient, and secure solutions. Their expertise lies in using data, software, technology, and hardware to create actionable intelligence from secondary distribution feeders. They offer solutions that combine technical resources with electrical apparatus manufacturing, helping utilities manage the evolving electrical distribution network. The company's focus is on improving grid performance downstream of the substation, providing tools for monitoring and optimization.
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Key Metrics
Founded Year
2012
Location
Raleigh, United States
Stage
Acquired
Total Funding
$500K in 5 rounds
Ranked
Employee Count
17 as on Jul 01, 2024
Similar Companies
Exit Details
Acquired by Ermco Eci (Jun 19, 2017)

GridBridge's acquisition details

GridBridge got acquired by Ermco Eci on Jun 19, 2017.
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GridBridge's funding and investors

GridBridge has raised a total funding of $500K over 5 rounds. Its first funding round was on Jul 01, 2013. Its latest funding round was a Grant (prize money) round on Jun 08, 2015 for $*****. 1 investor participated in its latest round. GridBridge has 2 institutional investors.

Here is the list of recent funding rounds of GridBridge:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 08, 2015
2619252
Grant (prize money)
3659377
9106317
7857585
8407961
Nov 13, 2014
7073804
Seed
1238479
7571558
5638386
9834434
Sep 01, 2014
9835331
Grant (prize money)
4401344
7376305
3659394
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GridBridge's founders and board of directors

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GridBridge's employee count trend

GridBridge has 17 employees as of Jul 24. Here is GridBridge's employee count trend over the years:
Employee count trend for GridBridge
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GridBridge's Competitors and alternates

Top competitors of GridBridge include Vizimax, NewGrid and GridSystems. Here is the list of Top 10 competitors of GridBridge, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Vizimax
Vizimax
1988, Longueuil (Canada), Acquired
Asset management focussed on transformers
$8.5M
43/100
2nd
Logo for NewGrid
NewGrid
2015, Somerville (United States), Seed
Topology control to avoid congestion in transmission lines
$125K
43/100
3rd
Logo for GridBridge
GridBridge
2012, Raleigh (United States), Acquired
Power delivery solutions improving utilities' operating performance at the grid edge
$500K
33/100
4th
Logo for GridSystems
GridSystems
1999, Palma De Mallorca (Spain), Unfunded
Developer of data automation software and solutions for managing power systems and off-grid infrastructure.
-
-
24/100
5th
Logo for Wenergex
Wenergex
2025, South Korea, Unfunded
Developer of power electronics and control technology convergence solutions
-
-
-
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GridBridge's Investments and acquisitions

GridBridge has made no investments or acquisitions yet.

Reports related to GridBridge

Here is the latest report on GridBridge's sector:

News related to GridBridge

•
The Business Journals•Jun 20, 2017•GridBridge
•
The Business Journals•GridBridge
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