When was NYSEG founded?

NYSEG was founded in 1852 and raised its 1st funding round 157 years after it was founded.

Where is NYSEG located?

NYSEG is headquartered in Binghamton, United States. It is registered at Orange, Connecticut.

How many employees does NYSEG have?

As of Aug 31, 2026, the latest employee count at NYSEG is 1239.

Is NYSEG a funded company?

NYSEG is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 22, 2009.

When was the latest funding round of NYSEG?

NYSEG's latest funding was a $***** Grant (prize money) round on Jan 20, 2010, with participation from 1 investor.

Where does NYSEG rank among its competitors?

NYSEG ranks 4th amongst 90 active competitors, of which 2 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was USIC, which secured an undisclosed amount in Nov, 2022.

Who are the top competitors of NYSEG?

NYSEG's top competitors include USIC, Mississippi Power and Austrian Power Grid. Among them, USIC secured the most recent funding round in November, 2022.

NYSEG - 2026 Company Profile, Funding & Competitors

NYSEG is a funded company based in Binghamton (United States), founded in 1852. It operates as a Provider of electric and natural gas services. NYSEG has raised an undisclosed amount in funding. The company has 90 active competitors, including 2 funded and 15 that have exited. Its top competitors include companies like USIC, Mississippi Power and Austrian Power Grid.

Company Details

NYSEG is a utility company providing electric and natural gas services to customers in New York state, operating under Avangrid Inc. The company offers various services, including payment options, outage reporting, and account management, through its online platform and mobile application. NYSEG also provides energy management solutions and offers smart meter installation for its customers. Its primary focus is on ensuring reliable energy supply and providing excellent customer service.

Website: nyseg.com
Social
Email ID: *****@nyseg.com
Registered Address: Orange, Connecticut

Key Metrics

Founded Year

1852

Location

Binghamton, United States

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Jan 20, 2010, $*****

Investors

OSTI

Ranked

4^th among 90 active competitors

Employee Count

1,239 as on Aug 31, 2026

Similar Companies

USIC & 91 more

View NYSEG's full profile

NYSEG is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEW YORK STATE ELECTRIC & GAS CORPORATION CIN: 150398550 , United States, Active	Dec 26, 999	-	699 (As on Dec 31, 2024)	-

NYSEG has raised funding over 2 rounds. Its first funding round was on May 22, 2009. Its latest funding round was a Grant (prize money) round on Jan 20, 2010 for $*****. 1 investor participated in its latest round. NYSEG has 1 institutional investor.

Here is the list of recent funding rounds of NYSEG:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 20, 2010	3011835	Grant (prize money)	3864400	1112537	4871494	9521482
May 22, 2009	3337273	Grant (prize money)	8405747	1389762	9177327	OSTI

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View details of NYSEG's funding rounds and investors

NYSEG's employee count trend

NYSEG has 1,239 employees as of Aug 26. Here is NYSEG's employee count trend over the years:

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Top competitors of NYSEG include USIC, Mississippi Power and Austrian Power Grid. Here is the list of Top 10 competitors of NYSEG, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	USIC 1973, Indianapolis (United States), Acquired	Provider of underground utility locating and damage prevention services	-	BNP Paribas, Neuberger Berman Capital Solutions ... & 2 others	64/100
2nd	Mississippi Power 1925, Gulfport (United States), Public	Provides residential and commercial utility services	-	OSTI	49/100
3rd	Austrian Power Grid Wien (Austria), Funding Raised	Utility company that operates and maintains the high voltage electrical grid	-	Europa	43/100
4th	NYSEG 1852, Binghamton (United States), Funding Raised	Provider of electric and natural gas services	-	OSTI	40/100
5th	Boiler Plan 2014, Cramlington (United Kingdom), Deadpooled	Water boiler installation and maintenance company	$6.74M	Future Fund, Maven Capital Partners & 2 others	37/100
6th	Creos-Net 2009, Luxembourg (Luxembourg), Funding Raised	Operator of energy networks ensuring electricity and gas transmission and distribution	-	Europa	36/100
7th	Suiv India, Unfunded	Provider of operation and maintenance services for power plants	-	-	34/100
8th	ECO-1 Electrical Solutions 2012, Walsall (United Kingdom), Unfunded	Provider of electrical installation services	-	-	33/100
9th	Z-Tech 2000, Swavesey (United Kingdom), Acquired	Supplier of electicity and water	-	-	32/100
10th	DSY Services India 2006, India, Unfunded	Company offers outsourced workforce management solutions, site verification, and staffing solutions	-	-	32/100