GridPoint - About the company
GridPoint is an acquired company based in Reston (United States), founded in 2003 by Peter L Corsell. It operates as a Provider of data-driven energy management solutions. GridPoint has raised $584M in funding from investors like Goldman Sachs, New Enterprise Associates and Altira Group. The company has 3857 active competitors, including 555 funded and 349 that have exited. Its top competitors include companies like ecobee, Landis+Gyr and Sense.
Company Details
GridPoint is a provider of data-driven energy management solutions (EMS). The company leverages real-time data collection, big data analytics, and cloud computing to maximize energy savings, operational efficiency, capital utilization, and sustainability benefits. The company offers 'GridPoint energy management hardware' - that includes submetering, and advanced monitoring devices that enable the management and measurement of energy endpoints, including controllers, submeters, thermostats, and sensors. Its cloud-based software platform, 'GridPoint Energy Manager' - monitor and manage energy-consuming assets, such as HVAC and lighting systems.
- Website
- gridpoint.com
- Social
- Registered Address
- Reston, Virginia
Key Metrics
Founded Year
2003
Location
Reston, United States
Stage
Acquired
Total Funding
$584M in 16 rounds
Latest Funding Round
Investors
Ranked
46th among 3857 active competitors
Employee Count
193 as on May 31, 2026
Exit Details
Acquired by Twenty First Century Utilities (Oct 28, 2015)
Legal entities associated with GridPoint
GridPoint is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Gridpoint, Inc. CIN: 219705993 , United States, Active | Nov 29, 2023 | - | - | - |
Gridpoint, Inc. CIN: 200402422 , United States, Active | Dec 26, 999 | - | 187 (As on Dec 31, 2024) | - |
GridPoint's acquisition details
GridPoint got acquired by Twenty First Century Utilities on Oct 28, 2015.
Click here to take a look at GridPoint's acquisition in detail
Sign up to download GridPoint's company profile
GridPoint's funding and investors
GridPoint has raised a total funding of $584M over 16 rounds. Its first funding round was on Nov 26, 2005. Its latest funding round was a Series G round on Mar 31, 2025 for $*****. 8 investors participated in its latest round. GridPoint has 27 institutional investors.
Here is the list of recent funding rounds of GridPoint:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2025 | 4097906 | Series G | 7293567 | 7368716 | 9992861 | 8008694 |
Jun 21, 2023 | 3235613 | Conventional Debt | 9997824 | 1784697 | 1405517 | |
Mar 01, 2022 | 2182628 | Series G | 2935375 | 1627293 |
Access funding benchmarks and valuations. Sign up today!View details of GridPoint's funding rounds and investors
GridPoint's founders and board of directors
Founder? Claim ProfileThe founders of GridPoint is Peter L Corsell. Mark Danzenbaker is the CEO of GridPoint.
Here are the details of GridPoint's key team members:
- Peter L Corsell: Founder of GridPoint. They are also an angel investor in 1 startup.
- Mark Danzenbaker: CEO of GridPoint.
View details of GridPoint's Founder profiles and Board Members
GridPoint's employee count trend
GridPoint has 193 employees as of May 26. Here is GridPoint's employee count trend over the years:
Uncover GridPoint's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
GridPoint's Competitors and alternates
Top competitors of GridPoint include ecobee, Landis+Gyr and Sense. Here is the list of Top 10 competitors of GridPoint, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of smart thermostats, sensors, cameras, and security system bundles | $155M | 78/100 | ||
2nd | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
3rd |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 76/100 | |
4th | Enel X 2001, Boston (United States), Acquired | Developer of utility-scale renewable energy projects | $168M | 75/100 | |
5th |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 72/100 | |
6th | Happy 2011, Carlsbad (United States), Series B | Provider of centralized maintenance, asset, and property management software solutions | $77.9M | 70/100 | |
7th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 69/100 | |
8th | Optimum Energy 2005, Seattle (United States), Acquired | SaaS-driven HVAC optimization software for commercial spaces | $40.9M | 69/100 | |
9th | Provider of a digital platform for electricity consumption management and insights | $177M | 69/100 | ||
10th | Cloud-based enterprise asset management solutions | $52.3M | 68/100 | ||
46th |  GridPoint 2003, Reston (United States), Acquired | Provider of data-driven energy management solutions | $584M | 60/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on GridPoint's competitors? Click here to see the top ones
GridPoint's Investments and acquisitions
GridPoint has acquired 2 companies including ADMMicro and V2Green. GridPoint has not made any investments as of now.See all acquisitions by GridPoint
Reports related to GridPoint
Here is the latest report on GridPoint's sector:
News related to GridPoint
Filter this listMedia has covered GridPoint for 1 event in last 1 year, It was about company updates.
•
•
GridPoint Raises $45M in FundingFinSMEs•Mar 31, 2025•GridPoint, Marunouchi Innovation Partners, Mitsubishi Corporation, Goldman Sachs and 6 others
•
•
Rootstock Software Names Andy Brabender as Chief Revenue OfficerBusiness Wire•Aug 15, 2024•Rootstock, GridPoint
•
•
•
•
•
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about GridPoint
Explore our recently published companies
- Wisdom Square Technologies - New Hyde Park based, 2008 founded, Unfunded company
- Fruverpack - Almoradi based, 1992 founded, Unfunded company
- AERA - Bouxwiller based, 1979 founded, Unfunded company
- Divine Hindu - Ujjain based, 2023 founded, Unfunded company
- Globaldigitalpartner.com - 2013 founded, Unfunded company
- OROK - Bourgoin Jallieu based, 2018 founded, Deadpooled company
