When was Syndem founded?

Syndem was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is Syndem located?

Syndem is headquartered in Chicago, United States.

Who is the current CEO of Syndem?

Qing-Chang Zhong of Syndem. They have also founded 1 company.

How many employees does Syndem have?

As of Aug 31, 2026, the latest employee count at Syndem is 5.

Is Syndem a funded company?

Syndem is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Jun 29, 2020.

When was the latest funding round of Syndem?

Syndem's latest funding was a $***** Grant (prize money) round on Jun 29, 2020, with participation from 1 investor. Its primary sector is Smart Grid. In United States, the Smart Grid sector has seen $4.53B in funding in 2026 to date.

Where does Syndem rank among its competitors?

Syndem ranks 5th amongst 11 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 BoxPower, which secured $6.67M in Dec, 2025.

Who are the top competitors of Syndem?

Syndem's top competitors include Spark Power, Powerhive and BoxPower. Among them, BoxPower secured the most recent funding round in December, 2025.

Syndem - 2026 Company Profile, Team, Funding & Competitors

Syndem is a funded company based in Chicago (United States), founded in 2017 by Qing-Chang Zhong. It operates as a Democratizing smart grids with synchronized inverters for stable, reliable power systems. Syndem has raised an undisclosed amount in funding. The company has 11 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Spark Power, Powerhive and BoxPower.

Company Details

Democratizing smart grids with synchronized inverters for stable, reliable power systems. This hardtech company develops and manufactures smarter inverters, specifically Virtual Synchronous Machines, to lead the global development of next-generation smart grids. Their technology utilizes the synchronization mechanism of synchronous machines to unify and harmonize the integration of renewable energy sources, electric vehicles, storage systems, and flexible loads. This approach enables autonomous operation of power systems without reliance on vulnerable information and communication systems, mitigating the risks of cyber-attacks and cascading failures. The company's solutions contribute to making power systems worldwide stable, reliable, secure, and sustainable, fostering a more resilient and environmentally friendly energy landscape.

Key Metrics

Founded Year

2017

Location

Chicago, United States

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Jun 29, 2020, $*****

Investors

OSTI

Ranked

5^th among 11 active competitors

Employee Count

5 as on Aug 31, 2026

Similar Companies

Spark Power & 28 more

View Syndem's full profile

Syndem has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Jun 29, 2020 for $*****. 1 investor participated in its latest round. Syndem has 1 institutional investor.

Here is the list of recent funding rounds of Syndem:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 29, 2020	9070606	Grant (prize money)	8622860	1680195	8544065	8798457

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View details of Syndem's funding rounds and investors

The founders of Syndem is Qing-Chang Zhong. Qing-Chang Zhong is the CEO of Syndem.

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

Qing-Chang Zhong: Founder & CEO of Syndem.

View details of Syndem's Founder profiles and Board Members

Syndem's employee count trend

Syndem has 5 employees as of Aug 26. Here is Syndem's employee count trend over the years:

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Top competitors of Syndem include Spark Power, Powerhive and BoxPower. Here is the list of Top 10 competitors of Syndem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Spark Power 2009, Oakville (Canada), Acquired	Provider of project development solutions for microgrid infrastructure	-	BMO, Canaccord Genuity Group	64/100
2nd	Powerhive 2011, Nairobi (Kenya), Series B	Provider of cloud-based asset intelligence solutions for microgrids	$34.3M	Prelude Ventures, Kouros Investment & 7 others	44/100
3rd	BoxPower 2016, Grass Valley (United States), Series A	Turnkey microgrid solutions provider for reliable, affordable, and clean energy	$6.67M	Climate Capital, Aligned Climate Capital & 7 others	40/100
4th	GridLab 2001, Berkeley (United States), Acquired	Provider of solutions to enable the development of smart grid projects	-	SV2	27/100
5th	Syndem 2017, Chicago (United States), Funding Raised	Democratizing smart grids with synchronized inverters for stable, reliable power systems	-	OSTI	26/100
6th	Advanced Microgrid Systems 2013, New Albany (United States), Unfunded	Solution provider for microgrid systems	-	-	24/100
7th	GI Energy 2005, Chicago (United States), Acqui-Hired	Designer and installer of microgrid projects	-	Greencoat Capital	21/100
8th	Standard Microgrid 2012, Oakland (United States), Funding Raised	Distributed energy generation	-	Europa	20/100
9th	USA Microgrids 2016, Minneapolis (United States), Unfunded	Provider of microgrid design, build, operation, and maintenance services	-	-	16/100
10th	Rems 2018, Vista (United States), Unfunded	Provider of engineering, operations, and maintenance services for energy infrastructure	-	-	16/100