About EarthGrid
EarthGrid is a Real Estate & Construction company based in Richmond (United States) founded in 2016 by Troy Helming. Provider of underground tunnel construction solutions using robots. It operates in the Real Estate & Construction and Industrial Goods & Manufacturing sectors. EarthGrid has raised $82.84 million across 2 funding rounds. The company has 8 employees. Its chief executive, as recorded, is Troy Helming. EarthGrid offers products and services including Plasma Tunnel-Boring Technology and SuperGrid Infrastructure. Its focus areas include Real Estate and Construction Tech, Construction Tech, Building Technology and Robotics. Its competitors include The Boring Company and Petra; 2 of its 2 listed competitors have raised funding.
Company details
EarthGrid was founded in 2016 and is headquartered in Richmond, United States. Underground tunnel construction solutions are provided through robots that incorporate plasma technology. These systems facilitate the development of an underground supergrid, which connects remote areas to the main grid for the transport of clean energy. Operations focus on infrastructure in the energy sector, supporting efficient and sustainable power distribution.
- Headquarters Richmond, United States
- Employees 8
- Founders Troy Helming
- SectorsReal Estate & ConstructionIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website earthgrid.io
- Social LinkedIn Facebook Instagram
- Annual Revenue$391.26 K (USD)22767as on Dec 31, 2023
- Net Profit-$12.88 M (USD)-96as on Dec 31, 2023
- Total Equity Funding$82.84M (USD)
in 2 rounds
- Latest Funding Round$52.84M (USD), Series A
Jul 2026
- Employee Count8
Products & Services of EarthGrid
EarthGrid offers a comprehensive portfolio of products and services, including Plasma Tunnel-Boring Technology and SuperGrid Infrastructure.
Efficient system for rock excavation using plasma to induce spallation.
Network for reliable energy and telecom distribution upgrades.
Funding Insights of EarthGrid
EarthGrid has successfully raised a total of $82.84M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $52.84 million completed in July 2026. 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 $82.84M
- Total Rounds 2
- Last Round Series A — $52.84M
- First Round $30M
(Oct 2023)
All 2 funding rounds of EarthGrid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $52.84M | Series A | – | – | – |
| Oct 2023 | $30M | Seed | – | – | – |
People of EarthGrid
7 people are tracked at EarthGrid (5 in leadership, 2 in team); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
Troy Helming | Founder & CEO | Leadership |
Mark Park | VP Of Engineering | Leadership |
Jeff I. | Executive Vice President Of Implementation | Leadership |
Phil Kranenburg | Senior Vice President | Leadership |
Chad Propst | Director of Logistics | Leadership |
Jacqueline W. | C-suite Executive Assistant & Business Manager | Team |
Brian Kretsch | Fleet Manager | Team |
Complete people profiles for EarthGrid
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Timeline of EarthGrid
3 dated milestones of EarthGrid across 10 years, from founding to its latest funding, stage changes and deals.
- Founded EarthGrid is founded.
- Funding First funding round of $30.0M.
- Funding Latest funding round, Series A, of $52.8M.
Competitors of EarthGrid
EarthGrid has 2 listed competitors in our database, 2 of them funded. They include The Boring Company and Petra.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boringcompany.com | 2016 | Bastrop, United States | $4.11B | 22 | Underground transit networks are constructed to ease traffic congestion. | |
| petra.cc | 2011 | San Francisco, United States | $30M | Innovative trenchless technology for utility tunnel boring is provided. |
Detailed competitors of EarthGrid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of EarthGrid
The website of EarthGrid (earthgrid.io) receives about 2.7K visits a month.
- Monthly visits2.7K
▲ 7% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as EarthGrid (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about Earthgrid
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Frequently Asked Questions about EarthGrid
EarthGrid was founded in 2016 and raised its 1st funding round 7 years after it was founded.
EarthGrid is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Troy Helming is the CEO of EarthGrid, as recorded in our data. They have also founded this company.
EarthGrid is a funded company, having raised a total of $82.84M across 2 funding rounds to date. The company's 1st funding round was a Seed of $30M, raised on Oct 2023.
EarthGrid has 8 employees.
Annual revenue of EarthGrid is $391.26K as on Dec 31, 2023.
EarthGrid was founded in 2016 and is headquartered in Richmond, United States. Underground tunnel construction solutions are provided through robots that incorporate plasma technology. These systems facilitate the development of an underground supergrid, which connects remote areas to the main grid for the transport of clean energy. Operations focus on infrastructure in the energy sector, supporting efficient and sustainable power distribution.
EarthGrid's top competitors include The Boring Company and Petra.
EarthGrid offers Plasma Tunnel-Boring Technology and SuperGrid Infrastructure.