When was IONATE founded?

IONATE was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is IONATE located?

IONATE is headquartered in London, United Kingdom.

Who is the current CEO of IONATE?

Matthew Williams of IONATE. They have also founded 1 company.

Which legal entities is IONATE associated with?

IONATE is associated with Ionate Limited.

How many employees does IONATE have?

As of Aug 31, 2026, the latest employee count at IONATE is 43.

Is IONATE a funded company?

IONATE is a funded company, having raised a total of $21.4M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 06, 2019.

How much is IONATE worth?

The latest valuation of IONATE is $***** as of Aug 05, 2022.

When was the latest funding round of IONATE?

IONATE's latest funding was a $***** Series A round on Feb 05, 2025, with participation from 8 investors.

Where does IONATE rank among its competitors?

IONATE ranks 2nd amongst 4 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Amperesand, which secured $80M in Nov, 2025.

Who are the top competitors of IONATE?

IONATE's top competitors include Amperesand, Pravah and Fundamentals. Among them, Amperesand secured the most recent funding round in November, 2025.

IONATE - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of hybrid intelligent transformers for the smart grid. It provides users with a technology that focuses on flexibility and resilience at strategic points of the electricity system. The innovation integrates hardware and software to deliver superior performance reliably and cost-effectively at all power levels. This enables advancements in energy infrastructure.

Website: www.ionate.energy/
Email ID: *****@ionate.energy

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Series A

Total Funding

$21.4M in 5 rounds

Latest Funding Round

Series A, Feb 05, 2025, $*****

Post Money Valuation

$***** as on Aug 05, 2022

Investors

IQ Capital & 18 more

Ranked

2^nd among 4 active competitors

Employee Count

43 as on Aug 31, 2026

Similar Companies

Amperesand & 2 more

View IONATE's full profile

IONATE is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Ionate Limited CIN: SC640134 , United Kingdom, Active	Aug 28, 2019	-	19 (As on Dec 31, 2024)

IONATE has raised a total funding of $21.4M over 5 rounds. Its first funding round was on Dec 06, 2019. Its latest funding round was a Series A round on Feb 05, 2025 for $*****. 8 investors participated in its latest round. IONATE has 17 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of IONATE:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 05, 2025	5170652	Series A	9393442	4466619	3523304	5787918
Aug 05, 2022	3539448	Series A	3386622	4875797	2947245	Edinburgh University & 5 more
Jun 24, 2021	3988116	Seed	9447091	2472805	5937127	5214417

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View details of IONATE's funding rounds and investors

The founders of IONATE are Luca Mezossy Dona, Matthew Williams and Roberto Ricci. Matthew Williams is the CEO of IONATE.

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

Luca Mezossy Dona: Co-Founder of IONATE.
Matthew Williams: Co-Founder & CEO of IONATE.
Contact Info: 1 email address
Roberto Ricci: Co-Founder of IONATE.

View details of IONATE's Founder profiles and Board Members

IONATE's employee count trend

IONATE has 43 employees as of Aug 26. Here is IONATE's employee count trend over the years:

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Top competitors of IONATE include Amperesand, Pravah and Fundamentals. Here is the list of Top 10 competitors of IONATE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Amperesand 2023, Singapore (Singapore), Series A	Manufacturer of solid-state transformer systems for AI data centers and critical power infrastructure	$92.5M	Temasek, Walden Catalyst & 7 others	62/100
2nd	IONATE 2019, London (United Kingdom), Series A	Developer of hybrid intelligent transformers for the smart grid	$21.4M	JGC Holdings Corporation, In-Q-Tel & 17 others	50/100
3rd	Pravah 2025, San Francisco (United States), Series A	AI lab building foundational machine learning models for electric grid forecasting, optimization, and risk detection for utilities	$7M	Conviction, Pear VC & 1 others	37/100
4th	Fundamentals 1994, Swindon (United Kingdom), Acquired	Developer of automatic voltage control relays for electrical power transformers	-	-	31/100