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.
- Website
- www.tangentenergy.com
Key Metrics
Founded Year
2009
Location
Kennett Square, United States
Stage
Acquired
Total Funding
$2.8M in 2 rounds
Latest Funding Round
Investors
Ranked
716th among 4425 active competitors
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.
Click here to take a look at Tangent Energy's acquisition in detail
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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 |
View details of Tangent Energy's funding rounds and investors
Tangent Energy's founders and board of directors
Founder? Claim ProfileTangent 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:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
2nd | Metronome 2020, San Francisco (United States), Acquired | Usage-based invoice management solutions for small businesses | $128M | 73/100 | |
3rd | SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 73/100 | |
4th | Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
5th | Phononic 2009, Durham (United States), Series F | Providing solid state thermal management solutions | $230M | 70/100 | |
6th | 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 | Resideo 2018, Wilmington (United States), Public | Provider of smart home solutions for security, air, water, and energy | - | 69/100 | |
8th | Smart Joules 2014, Delhi (India), Series B | Provider of AI-powered energy efficiency solutions for commercial buildings | $20.7M | 69/100 | |
9th | Voltus 2016, San Francisco (United States), Public | Provider of demand response services for energy users and operators | $66.2M | 67/100 | |
10th | Deako 2015, Seattle (United States), Series B | Manufacturer of modular smart lighting systems and related accessories | $65.1M | 67/100 | |
716th | Tangent Energy 2009, Kennett Square (United States), Acquired | Energy as a Service company optimizing distributed energy resources with technology | $2.8M | 35/100 |
Looking for more details on Tangent Energy's competitors? Click here to see the top ones
Tangent Energy's Investments and acquisitions
Tangent Energy has made no investments or acquisitions yet.
Reports related to Tangent Energy
Here is the latest report on Tangent Energy's sector:
News related to Tangent Energy
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•
Bromley Mountain Ski Resort announces plans for new solar arrayRenewable Energy Magazine•Feb 15, 2021•Encore Renewable, Bromley, Tangent Energy
•
Tangent Energy Solutions Named a 2017 Grid Edge Award WinnerCantech Letter•Apr 12, 2017•Tangent Energy
•
Tangent Energy Posts a Strong Second Half by Closing $101M in DER Contracts Since JulyVentureBeat•Nov 30, 2016•Tangent Energy
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