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.
- Website
- grid-bridge.com
Key Metrics
Founded Year
2012
Location
Raleigh, United States
Stage
Acquired
Total Funding
$500K in 5 rounds
Latest Funding Round
Investors
Ranked
3rd among 5 active competitors
Employee Count
17 as on Jul 01, 2024
Exit Details
Acquired by Ermco Eci (Jun 19, 2017)
Legal entities associated with GridBridge
GridBridge is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
45-4242695 CIN: GridBridge,Inc. , United States, Active | - | - | - |
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:
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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 |
View details of GridBridge's funding rounds and investors
GridBridge's founders and board of directors
Founder? Claim ProfileGridBridge's employee count trend
GridBridge has 17 employees as of Jul 24. Here is GridBridge's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Asset management focussed on transformers | $8.5M | 43/100 | ||
2nd | NewGrid 2015, Somerville (United States), Seed | Topology control to avoid congestion in transmission lines | $125K | 43/100 | |
3rd | GridBridge 2012, Raleigh (United States), Acquired | Power delivery solutions improving utilities' operating performance at the grid edge | $500K | 33/100 | |
4th | ![]() 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 | Wenergex 2025, South Korea, Unfunded | Developer of power electronics and control technology convergence solutions | - | - | - |
Looking for more details on GridBridge's competitors? Click here to see the top ones
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
•
ERMCO Acquires Power Electronics Pioneer GridBridge | Business WireBusiness Wire•Jun 19, 2017•Ermco Eci, GridBridge
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