When was SOLUNA founded?

SOLUNA was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is SOLUNA located?

SOLUNA is headquartered in New York City, United States.

How many employees does SOLUNA have?

As of Jul 31, 2026, the latest employee count at SOLUNA is 106.

Is SOLUNA a funded company?

SOLUNA is a funded company, having raised a total of $37.8M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 05, 2018.

When was the latest funding round of SOLUNA?

SOLUNA's latest funding was a $***** Series B round on Dec 20, 2022, with participation from 0 investor.

What is the annual revenue of SOLUNA?

Annual revenue of SOLUNA is between $10M and $50M as on Dec 31, 2025

Where does SOLUNA rank among its competitors?

SOLUNA ranks 6th amongst 262 active competitors, of which 12 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was NextEra Energy Resources, which secured $49.1M in May, 2025.

Who are the top competitors of SOLUNA?

SOLUNA's top competitors include PowerFlex, NextEra Energy Resources and Edison. Among them, NextEra Energy Resources secured the most recent funding round in May, 2025.

SOLUNA - 2026 Company Profile, Team, Funding, Competitors & Financials

SOLUNA is an acquired company based in New York City (United States), founded in 2018. It operates as a Developer of solar and wind energy projects. SOLUNA has raised $37.8M in funding from Spring Lane Capital. The company has 262 active competitors, including 12 funded and 30 that have exited. Its top competitors include companies like PowerFlex, NextEra Energy Resources and Edison.

Company Details

Website: www.solunacomputing.com/
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Key Metrics

Founded Year

2018

Location

New York City, United States

Stage

Acquired

Total Funding

$37.8M in 4 rounds

Latest Funding Round

Series B, Dec 20, 2022, $*****

Investors

Spring Lane Capital & 1 more

Ranked

6^th among 262 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2025

Employee Count

106 as on Jul 31, 2026

Similar Companies

CleanMax & 1279 more

Exit Details

Acquired by EcoChain (Aug 12, 2021)

View SOLUNA's full profile

SOLUNA is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MECHANICAL TECHNOLOGY INC CIN: 64463 , United States, Active		$10M - $50M (As on Dec 31, 2025)	-	-

SOLUNA got acquired by EcoChain on Aug 12, 2021.

Click here to take a look at SOLUNA's acquisition in detail

SOLUNA has raised a total funding of $37.8M over 4 rounds. Its first funding round was on Mar 05, 2018. SOLUNA has 2 institutional investors.

Here is the list of recent funding rounds of SOLUNA:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 20, 2022	9805992	Series B	5840215	4863009	8424268	1061174
May 12, 2022	7151792	Series B	8459027	3367392	8311396	2135136
Mar 20, 2020	8102870	Seed	7059842	9043156	2382862	6796653

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View details of SOLUNA's funding rounds and investors

SOLUNA's employee count trend

SOLUNA has 106 employees as of Jul 26. Here is SOLUNA's employee count trend over the years:

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Top competitors of SOLUNA include PowerFlex, NextEra Energy Resources and Edison. Here is the list of Top 10 competitors of SOLUNA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PowerFlex 2017, San Diego (United States), Acquired	Provider of renewable energy project development services	$100M	Wells Fargo Innovation Incubator, Manulife Investment Management ... & 3 others	68/100
2nd	NextEra Energy Resources 1925, Juno Beach (United States), Public	Developer of wind and solar energy power projects	-	OSTI	65/100
3rd	Edison 1886, Rosemead (United States), Public	Developer of wind energy projects	-	Greyrock Investments, CSC Upshot Ventures ... & 1 others	61/100
4th	We Energies 1896, Milwaukee (United States), Funding Raised	Provider of independent electric power through solar energy	-	OSTI	60/100
5th	EDF Renewable Energy 1987, San Diego (United States), Funding Raised	Developer of solar & wind energy projects	-	Bank of America, Allianz Capital Partners	59/100
6th	SOLUNA 2018, New York City (United States), Acquired	Developer of solar and wind energy projects	$37.8M	Brookstone Partners, Spring Lane Capital	50/100
7th	energyRe 2009, New York City (United States), Late Stage	Developer of renewable energy generation transmission and battery storage systems	$1.2B	Glentra, Novo Holdings & 1 others	49/100
8th	National Grid Renewables 2020, Bloomington (United States), Acquired	Developer of solar and wind energy projects	-	-	47/100
9th	Scout Clean Energy 2016, Boulder (United States), Acquired	Developer of wind energy projects	-	CoBank, Rabobank & 2 others	46/100
10th	Sargent & Lundy 1891, Chicago (United States), Unfunded	Developer of solar and wind energy projects	-	-	44/100