When was Gridraven founded?

Gridraven was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is Gridraven located?

Gridraven is headquartered in Tallinn, Estonia.

Who is the current CEO of Gridraven?

Georg Rute of Gridraven. They have also founded 1 company.

How many employees does Gridraven have?

As of Jul 31, 2026, the latest employee count at Gridraven is 20.

Is Gridraven a funded company?

Gridraven is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 12, 2025.

When was the latest funding round of Gridraven?

Gridraven's latest funding was a $***** Seed round on Feb 12, 2025, with participation from 2 investors.

Where does Gridraven rank among its competitors?

Gridraven ranks 23rd amongst 199 active competitors, of which 28 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Ingeteam, which secured $87.3M in Jun, 2026.

Who are the top competitors of Gridraven?

Gridraven's top competitors include GridCARE, ElectronX and Reactive Technologies. Among them, Ingeteam secured the most recent funding round in June, 2026.

Gridraven - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of software-based dynamic line ratings for power grid optimization. It provides users with solutions that rethinks how existing power grids are utilized, making them smarter and more adaptable. It enhances the capacity of overhead lines without requiring new infrastructure, which assists in alleviating bottlenecks, reducing costs, and expediting grid expansion for operators, producers, and consumers. The solution leverages precision weather forecasting and hyper-local weather artificial intelligence, ensuring high accuracy, resolution, and availability, while identifying critical spans and implementing ratings across all lines.

Website: www.gridraven.com/
Email ID: *****@gridraven.com

Key Metrics

Founded Year

2023

Location

Tallinn, Estonia

Stage

Seed

Total Funding

$4.16M in 1 round

Latest Funding Round

Seed, Feb 12, 2025, $*****

Investors

42 Capital & 1 more

Ranked

23^rd among 199 active competitors

Employee Count

20 as on Jul 31, 2026

Similar Companies

GridCARE & 209 more

View Gridraven's full profile

Gridraven has raised a total funding of $4.16M over 1 round. Its latest funding round was a Seed round on Feb 12, 2025 for $*****. 2 investors participated in its latest round. Gridraven has 2 institutional investors.

Here is the list of recent funding rounds of Gridraven:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 12, 2025	8443542	Seed	2956022	1300953	4015990	8872023

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View details of Gridraven's funding rounds and investors

The founders of Gridraven are Georg Rute, Markus Lippus and Henri Manninen. Georg Rute is the CEO of Gridraven.

Here are the details of Gridraven's key team members:

Georg Rute: Co-Founder & CEO of Gridraven.
Contact Info: 1 email address
Markus Lippus: Co-Founder of Gridraven.
Contact Info: 1 email address
Henri Manninen: Co-Founder & CTO of Gridraven.
Contact Info: 1 email address

View details of Gridraven's Founder profiles and Board Members

Gridraven's employee count trend

Gridraven has 20 employees as of Jul 26. Here is Gridraven's employee count trend over the years:

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Top competitors of Gridraven include GridCARE, ElectronX and Reactive Technologies. Here is the list of Top 10 competitors of Gridraven, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Sutter Hill Ventures & 20 others	63/100
2nd	ElectronX 2022, Chicago (United States), Series A	Developer of a power derivatives market for energy risk management	$61.5M	Innovation Endeavors, DCVC & 11 others	61/100
3rd	Reactive Technologies 2010, London (United Kingdom), Series D	Developer of cloud-based demand-side management solutions	$94.6M	M&G, Octopus Investments & 34 others	61/100
4th	GridPoint 2003, Reston (United States), Acquired	Provider of data-driven energy management solutions	$584M	Goldman Sachs, SIG & 25 others	60/100
5th	Statera 2015, London (United Kingdom), Acquired	Developing and operating generation, battery storage, and green energy projects	$17.8M	NatWest, Siemens & 2 others	58/100
6th	envelio 2017, Cologne (Germany), Acquired	Provider of AI-driven grid management software solutions	$7.82M	eCAPITAL, Demeter & 5 others	57/100
7th	Peak Power 2015, New York City (United States), Series A	Microgrid developer and platform to integrate the customers and utilities	$35M	Export Development Canada, Sensata & 13 others	56/100
8th	Ingeteam 1972, Zamudio (Spain), Funding Raised	Provider of power electronics, electric generators, motors, and automation systems	-	European Investment Bank, Europa & 1 others	56/100
9th	Plexigrid 2019, Stockholm (Sweden), Seed	Provider of software solutions for efficient management of electricity distribution networks	$11.6M	European Innovation Council, TheVentureCity ... & 6 others	55/100
10th	Safegrid 2019, Espoo (Finland), Acquired	Provides grid management solutions	$6.73M	Ajanta, Entrada & 5 others	55/100
23rd	Gridraven 2023, Tallinn (Estonia), Seed	Provider of software-based dynamic line ratings for power grid optimization	$4.16M	42 Capital, Icebreaker	40/100