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Tangent Energy - About the company

Tangent Energy is an acquired company based in Kennett Square (United States), founded in 2009. It operates as an Energy as a Service company optimizing distributed energy resources with technology. Tangent Energy has raised $2.8M in funding. The company has 4425 active competitors, including 602 funded and 415 that have exited. Its top competitors include companies like Landis+Gyr, Metronome and SPAN.

Company Details

Energy as a Service company optimizing distributed energy resources with technology. They combine an energy solutions technology platform with expert insights and managed services to provide distributed power solutions. Their solutions manage distributed energy resources in an energy provider’s service area and optimize economic returns from customer energy systems. They provide all components required for a successful EaaS solution, differentiating them from the competition. By combining a technology platform with energy industry expertise and DER operational experience, they provide an EaaS offering. Their distributed energy resource management platform has been used for more than a decade to monitor, manage, and monetize mission-critical DER assets. The platform is also used by energy providers to gain system-wide DER visibility and control and use those insights to enhance customer engagement. They offer monitoring, management, monetization, project development and third-party financing.
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Key Metrics
Founded Year
2009
Location
Kennett Square, United States
Stage
Acquired
Total Funding
$2.8M in 2 rounds
Latest Funding Round
Ranked
Employee Count
23 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Caterpillar (May 05, 2022)

Tangent Energy's acquisition details

Tangent Energy got acquired by Caterpillar on May 05, 2022.
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Tangent Energy's funding and investors

Tangent Energy has raised a total funding of $2.8M over 2 rounds. Its first funding round was on Aug 06, 2012. Tangent Energy has 3 institutional investors.

Here is the list of recent funding rounds of Tangent Energy:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 04, 2016
6706603
Series A
8656908
3142322
4774200
1784354
Aug 06, 2012
9458065
Seed
9157480
1292255
2377244
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Tangent Energy's founders and board of directors

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Tangent Energy's employee count trend

Tangent Energy has 23 employees as of Aug 26. Here is Tangent Energy's employee count trend over the years:
Employee count trend for Tangent Energy
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Tangent Energy's Competitors and alternates

Top competitors of Tangent Energy include Landis+Gyr, Metronome and SPAN. Here is the list of Top 10 competitors of Tangent Energy, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Landis+Gyr
Landis+Gyr
1896, Cham (Switzerland), Acquired
Manufacturer of electric meters and grid edge data management software
$1.03B
77/100
2nd
Logo for Metronome
Metronome
2020, San Francisco (United States), Acquired
Usage-based invoice management solutions for small businesses
$128M
73/100
3rd
Logo for SPAN
SPAN
2014, San Francisco (United States), Series C
Smart energy management technology platform that modernizes residential electrical systems
$419M
73/100
4th
Logo for Sense
Sense
2013, Cambridge (United States), Series D
Smart energy platform providing real-time electricity usage insights for homes and utilities
$177M
71/100
5th
Logo for Phononic
Phononic
2009, Durham (United States), Series F
Providing solid state thermal management solutions
$230M
70/100
6th
Logo for Bidgely
Bidgely
2011, Mountain View (United States), Series C
Provider of a solution for consumers to monitor and manage their household energy use
$87.7M
69/100
7th
Logo for Resideo
Resideo
2018, Wilmington (United States), Public
Provider of smart home solutions for security, air, water, and energy
-
69/100
8th
Logo for Smart Joules
Smart Joules
2014, Delhi (India), Series B
Provider of AI-powered energy efficiency solutions for commercial buildings
$20.7M
69/100
9th
Logo for Voltus
Voltus
2016, San Francisco (United States), Public
Provider of demand response services for energy users and operators
$66.2M
67/100
10th
Logo for Deako
Deako
2015, Seattle (United States), Series B
Manufacturer of modular smart lighting systems and related accessories
$65.1M
67/100
716th
Logo for Tangent Energy
Tangent Energy
2009, Kennett Square (United States), Acquired
Energy as a Service company optimizing distributed energy resources with technology
$2.8M
35/100
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Tangent Energy's Investments and acquisitions

Tangent Energy has made no investments or acquisitions yet.

Reports related to Tangent Energy

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News related to Tangent Energy

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