When was Heimdall Power founded?

Heimdall Power was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is Heimdall Power located?

Heimdall Power is headquartered in Bergen, Norway. It is registered at Hamnegata 20 7714 STEINKJER.

Who is the current CEO of Heimdall Power?

Jorgen Festervoll of Heimdall Power.

How many employees does Heimdall Power have?

As of Apr 30, 2026, the latest employee count at Heimdall Power is 78.

Is Heimdall Power a funded company?

Heimdall Power is a funded company, having raised a total of $28.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 18, 2017.

When was the latest funding round of Heimdall Power?

Heimdall Power's latest funding was a $***** Series B round on Jul 16, 2024, with participation from 4 investors.

Where does Heimdall Power rank among its competitors?

Heimdall Power ranks 5th amongst 355 active competitors, of which 56 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Neara, which secured $63.5M in Feb, 2026.

Who are the top competitors of Heimdall Power?

Heimdall Power's top competitors include Danfoss, GeoDigital and envelio. Among them, Neara secured the most recent funding round in February, 2026.

Heimdall Power - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of real-time dynamic line rating and grid monitoring solutions. The company offers technology to unlock capacity and meet growing demand on power grids. It provides tools for mitigating outages with forecasting and flexibility. The company’s technology detects environmental conditions to protect and reinforce grid assets. It also offers solutions to simplify compliance within transmission and distribution operations.

Website: www.heimdallpower.com/
Social
Email ID: *****@heimdallpower.com
Phone Number: +47 **********
Registered Address: Hamnegata 20 7714 STEINKJER

Key Metrics

Founded Year

2015

Location

Bergen, Norway

Stage

Series B

Total Funding

$28.6M in 4 rounds

Latest Funding Round

Series B, Jul 16, 2024, $*****

Investors

Investinor & 8 more

Ranked

5^th among 355 active competitors

Employee Count

78 as on Apr 30, 2026

Similar Companies

Danfoss & 1749 more

View Heimdall Power's full profile

Heimdall Power is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Heimdall Power As CIN: 916531710 , Norway, Active	Dec 17, 2015	$3.3M (As on Dec 31, 2024)	45 (As on Dec 31, 2024)

Heimdall Power has raised a total funding of $28.6M over 4 rounds. Its first funding round was on Aug 18, 2017. Its latest funding round was a Series B round on Jul 16, 2024 for $*****. 4 investors participated in its latest round. Heimdall Power has 9 institutional investors.

Here is the list of recent funding rounds of Heimdall Power:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2024	8872591	Series B	8169454	4085519	3075712	4361668
Oct 30, 2019	7793057	Series A	2877610	2402323	5727213	9997325
Apr 13, 2018	6443450	Seed	3603476	9864693	Sprettert	2103799

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View details of Heimdall Power's funding rounds and investors

The founders of Heimdall Power is Brage W Johansen. Jorgen Festervoll is the CEO of Heimdall Power.

Here are the details of Heimdall Power's key team members:

Brage W Johansen: Former Founder of Heimdall Power.
Jorgen Festervoll: CEO of Heimdall Power.
Contact Info: 1 email address

View details of Heimdall Power's Founder profiles and Board Members

Heimdall Power's employee count trend

Heimdall Power has 78 employees as of Apr 26. Here is Heimdall Power's employee count trend over the years:

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Top competitors of Heimdall Power include Danfoss, GeoDigital and envelio. Here is the list of Top 10 competitors of Heimdall Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Danfoss 1933, Nordborg (Denmark), Acquired	Manufacturer of solutions increasing machine productivity, reducing emissions, and lowering energy	$41.2M	Emerald Technology Ventures, LahiTapiola & 7 others	74/100
2nd	GeoDigital 2005, Hamilton (Canada), Series A	Provider of digital infrastructure solutions and spatial intelligence software for utilities	$17.9M	Emerald Technology Ventures, EnerTech Capital ... & 6 others	69/100
3rd	envelio 2017, Cologne (Germany), Acquired	Provider of AI-driven grid management software solutions	$7.82M	eCAPITAL, Demeter & 5 others	65/100
4th	myenergi 2016, Market Rasen (United Kingdom), Series C	Manufacturer of eco-smart home energy management and electric vehicle charging products	$36.8M	Energy Impact Partners, HSBC	64/100
5th	Heimdall Power 2015, Bergen (Norway), Series B	Provider of real-time dynamic line rating and grid monitoring solutions	$28.6M	Investinor, Starter Business Acceleration ... & 7 others	61/100
6th	Neara 2016, Sydney (Australia), Series D	Developer of physics-enabled digital twin software for utility network management	$126M	TCV, Prosus & 8 others	62/100
7th	ElectronX 2022, Chicago (United States), Series A	Provider of grid management solution	$61.5M	Innovation Endeavors, DCVC & 11 others	61/100
8th	Reactive Technologies 2010, Oxford (United Kingdom), Series D	Developer of cloud-based demand-side management solutions	$94.6M	BGF, Equinor & 34 others	61/100
9th	GridPoint 2003, Reston (United States), Acquired	Provider of data-driven energy management solutions	$584M	Goldman Sachs, New Enterprise Associates ... & 25 others	61/100
10th	IQGeo 2002, Cambridge (United Kingdom), Acquired	Provider of enterprise software solutions for digital transformation	-	-	60/100