About Congruitive
Congruitive is a company based in Redwood City (United States) founded in 1991 was acquired by Tantalus in February 2022.. Congruitive has raised $4 million across 1 funding round from investors including Tantalus and Windsail Capital Group. Congruitive offers products and services including TRUConnect AMI, TRUFlex Load+DER Management, TRUGrid Automation, TRUSync Grid Data Management, and TRUSense Gateway. Congruitive operates in a competitive market with competitors including Trilliant, Volue, GridPoint, envelio and IQGeo, among others.
- Headquarter Redwood City, United States
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Products & Services of Congruitive
Congruitive offers a comprehensive portfolio of products and services, including TRUConnect AMI, TRUFlex Load+DER Management, TRUGrid Automation, TRUSync Grid Data Management, and TRUSense Gateway. 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.
IoT network for smart meters and devices to improve utility efficiency.
System for managing residential and commercial loads flexibly.
AI-driven analytics for detecting and resolving grid anomalies.
Platform for automating data flow across utility systems.
Device for enhancing AMI and DER integration in grids.
Funding Insights of Congruitive
Congruitive has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.0M
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First Round
First Round
(16 Oct 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Series A - Congruitive | Valuation | Windsail Capital Group |
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| 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 Congruitive
Congruitive has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tantalus and Windsail Capital Group. 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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Founded Year | Domain | Location | |
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Smart grid communication solutions are provided for utilities by Tantalus.
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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 Congruitive
| 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 |
Financial Statements - Congruitive
| 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 |
Congruitive Comparisons
Competitors of Congruitive
Congruitive 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 Trilliant, Volue, GridPoint, envelio and IQGeo, 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 |
Provider of communication systems and software platforms for smart grid applications
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Solutions for portfolio and project management are provided.
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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| domain | founded_year | HQ Location |
AI-driven grid management software solutions are provided for energy operations.
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| domain | founded_year | HQ Location |
Provider of enterprise software solutions for digital transformation
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| domain | founded_year | HQ Location |
App-based power control devices and EV charging solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Congruitive
Frequently Asked Questions about Congruitive
When was Congruitive founded?
Congruitive was founded in 1991 and raised its 1st funding round 27 years after it was founded.
Where is Congruitive located?
Congruitive is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Congruitive a funded company?
Congruitive is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Oct 16, 2018.
What does Congruitive do?
Congruitive was established in 1991 and is based in Redwood City, United States. Solutions for power distribution management and control are delivered in the energy sector. A software suite is utilized to acquire, transport, and display complex energy data, enabling analysis, decision-making, and automated operations. Focus is placed on data handling for utilities and related industries.
Who are the top competitors of Congruitive?
Congruitive's top competitors include envelio, Reactive Technologies and Trilliant.
What products or services does Congruitive offer?
Congruitive offers TRUConnect AMI, TRUFlex Load+DER Management, TRUGrid Automation, TRUSync Grid Data Management, and TRUSense Gateway.
Who are Congruitive's investors?
Congruitive has 2 investors. Key investors include Tantalus, and Windsail Capital Group.
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