About Array Technologies
Array Technologies is a company based in Albuquerque (United States) founded in 1992 by Ron Corio.. The company has 14 employees as of December 31, 2022. Array Technologies has completed 2 acquisitions, including APA Solar and STI Norland. Array Technologies offers products and services including DuraTrack, STI H250, OmniTrack, SmarTrack, and SkyLink. Array Technologies operates in a competitive market with competitors including Nextracker, Ideematec, Renkube, AgileSwitch and Scorpius Trackers, among others.
- Headquarter Albuquerque, United States
- Employees 14 as on 31 Dec, 2022
- Founders Ron Corio
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Array Technologies, Inc.
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Annual Revenue
$254.18 M60as on Dec 31, 2024
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Net Profit
$-240.39 M-275as on Dec 31, 2024
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EBITDA
$-193.21 M-177as on Dec 31, 2024
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Latest Funding Round
$345 M (USD), Post-IPO
Jun 27, 2025
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Investors
Blackstone
& 2 more
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Employee Count
14
as on Dec 31, 2022
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Investments & Acquisitions
APA Solar
& 1 more
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IPO & Listings of Array Technologies
Array Technologies is a publicly listed company on the NASDAQ with ticker symbol ARRY in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Array Technologies
Array Technologies offers a comprehensive portfolio of products and services, including DuraTrack, STI H250, OmniTrack, SmarTrack, and SkyLink. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Utility-scale tracker for optimized solar energy production.
Advanced tracker system for enhanced solar efficiency.
Tracker designed for versatile solar applications.
Platform for solar site management and weather risk control.
Integrated system for solar energy optimization.
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Leadership Team
18 people
Software Development Team
13 people
Sales and Marketing
8 people
Human Resources and Administration
7 people
Product Management Team
5 people
Senior Team
5 people
Legal and Compliance
4 people
Operations Team
3 people
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Funding Insights of Array Technologies
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $345.0M
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First Round
First Round
(22 Jan 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - Array Technologies | Valuation |
investors |
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| Aug, 2021 | Amount | Post-IPO - Array Technologies | Valuation |
investors |
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| Jul, 2016 | Amount | Private Equity Round - Array Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Array Technologies
Array Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, Oaktree Capital Management and OSTI.GOV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Array Technologies
Array Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include APA Solar and STI Norland. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solar racking systems are manufactured for photovoltaic installations worldwide.
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2008 | ||||
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Solar trackers and fixed structures are manufactured for large-scale projects.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Array Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Array Technologies Comparisons
Competitors of Array Technologies
Array Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nextracker, Ideematec, Renkube, AgileSwitch and Scorpius Trackers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar panel tracking software is provided for monitoring and control.
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| domain | founded_year | HQ Location |
Solar tracking technology solutions provider
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| domain | founded_year | HQ Location |
Developer of solar panels with energy yield
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| domain | founded_year | HQ Location |
Developer of switch drivers for IGBT modules.
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| domain | founded_year | HQ Location |
Solar tracker developers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Array Technologies
Frequently Asked Questions about Array Technologies
When was Array Technologies founded?
Array Technologies was founded in 1992 and raised its 1st funding round 18 years after it was founded.
Where is Array Technologies located?
Array Technologies is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
How many employees does Array Technologies have?
As of Dec 31, 2022, the latest employee count at Array Technologies is 14.
What is the annual revenue of Array Technologies?
Annual revenue of Array Technologies is $254.18M as on Dec 31, 2024.
What does Array Technologies do?
Array Technologies was founded in 1992 by Ron Corio in Albuquerque, United States. Operations are focused on the renewable energy sector, where solar trackers are produced to support large-scale photovoltaic systems. These devices are designed to maximize energy capture by adjusting panel orientation. The company serves projects across the United States and international markets, emphasizing durable engineering for solar infrastructure.
Who are the top competitors of Array Technologies?
Array Technologies's top competitors include Nextracker, Helioslite and Scorpius Trackers.
What products or services does Array Technologies offer?
Array Technologies offers DuraTrack, STI H250, OmniTrack, SmarTrack, and SkyLink.
Is Array Technologies publicly traded?
Yes, Array Technologies is publicly traded on NASDAQ under the ticker symbol ARRY.
How many acquisitions has Array Technologies made?
Array Technologies has made 2 acquisitions, including APA Solar, and STI Norland.
Who are Array Technologies's investors?
Array Technologies has 3 investors. Key investors include Blackstone, Oaktree Capital Management, and OSTI.GOV.
What is Array Technologies's ticker symbol?
The ticker symbol of Array Technologies is ARRY on NASDAQ.
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