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 Mar 31, 2026, the latest employee count at SOLUNA is 95.

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 $29.7M as on Dec 31, 2025.

Where does SOLUNA rank among its competitors?

SOLUNA ranks 5th amongst 259 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 Scout Clean Energy, which secured $100M in May, 2024.

Who are the top competitors of SOLUNA?

SOLUNA's top competitors include PowerFlex, EDF Renewable Energy and Edison. Among them, Scout Clean Energy secured the most recent funding round in May, 2024.

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

Company Details

Website: www.solunacomputing.com/
Social

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

5^th among 259 active competitors

Annual Revenue

$29.7M as on Dec 31, 2025

Employee Count

95 as on Mar 31, 2026

Similar Companies

CleanMax & 1267 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		$29.7M (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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 20, 2022	2315822	Series B	6022921	4007882	4185339	8209506
May 12, 2022	9109299	Series B	3324607	5081049	3122720	7150007
Mar 20, 2020	7734230	Seed	2358315	2758942	4160230	4498928

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View details of SOLUNA's funding rounds and investors

SOLUNA's employee count trend

SOLUNA has 95 employees as of Mar 26. Here is SOLUNA's employee count trend over the years:

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Top competitors of SOLUNA include PowerFlex, EDF Renewable Energy 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, Innovation Incubator ... & 3 others	72/100
2nd	EDF Renewable Energy 1987, San Diego (United States), Funding Raised	Developer of solar & wind energy projects	-	Bank of America, Allianz Capital Partners	62/100
3rd	Edison 1886, Rosemead (United States), Public	Developer of wind energy projects	-	Greyrock Investments, CSC Upshot Ventures ... & 1 others	62/100
4th	NextEra Energy Resources 1925, Juno Beach (United States), Public	Developer of wind and solar energy power projects	-	-	62/100
5th	SOLUNA 2018, New York City (United States), Acquired	Developer of solar and wind energy projects	$37.8M	Brookstone Partners, Spring Lane Capital	50/100
6th	MasTec 1929, Coral Gables (United States), Public	Infrastructure construction company	-	Tenth Avenue Holdings	55/100
7th	We Energies 1896, Milwaukee (United States), Funding Raised	Provider of independent electric power through solar energy	-	OSTI	52/100
8th	energyRe 2009, New York City (United States), Late Stage	Developer of wind and solar energy projects	$1.2B	Glentra, PKA & 1 others	50/100
9th	National Grid Renewables 2020, Bloomington (United States), Acquired	Developer of solar and wind energy projects	-	-	48/100
10th	Scout Clean Energy 2016, Boulder (United States), Acquired	Developer of wind energy projects	-	KeyBank, CoBank & 2 others	45/100