About eSmart Systems
eSmart Systems is a company based in Halden (Norway) founded in 2012 by Knut E Gustavsen. eSmart Systems has raised $136.04 million across 10 funding rounds from investors including Kongsberg, Equinor and Quanta Services. eSmart Systems offers products and services including Grid Vision, Virtual Grid Asset Inspection, Image-Based Digital Inventory, and Permitto Innovation Lab. eSmart Systems operates in a competitive market with competitors including Verdigris, Esyasoft, BluWave-ai, Amperon and Stark, among others.
- Headquarter Halden, Norway
- Founders Knut E Gustavsen
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Esmart Systems Aps
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$136.04 M (USD)
in 10 rounds
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Latest Funding Round
$32.39 M (USD), Series B
Oct 28, 2024
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Investors
Kongsberg
& 11 more
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Employee Count
Not available
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Products & Services of eSmart Systems
eSmart Systems offers a comprehensive portfolio of products and services, including Grid Vision, Virtual Grid Asset Inspection, Image-Based Digital Inventory, and Permitto Innovation Lab.
Platform for virtual grid inspections and predictive maintenance.
Enables remote, faster inspections for utility assets.
Creates up-to-date asset libraries using images and AI.
Supports development of energy tech projects and partnerships.
People of eSmart Systems
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Sales and Marketing
7 people
Product Management Team
5 people
Software Development Team
4 people
Leadership Team
4 people
Finance and Accounting
2 people
Human Resources and Administration
1 people
Operations Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of eSmart Systems
eSmart Systems has successfully raised a total of $136.04M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $32.39 million completed in October 2024. 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.
Investors in eSmart Systems
eSmart Systems has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Kongsberg, Equinor and Quanta Services.
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TiLT Capital is focused on energy transition investments in Europe.
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Arosa Capital Management is engaged in energy sector investments.
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Venture capital fund focused on growth-stage startups
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Investor details for eSmart Systems
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Investments & Acquisitions by eSmart Systems
Investment portfolio details for eSmart Systems
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Financial Statements - eSmart Systems
Detailed financials for eSmart Systems
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Esmart Systems Comparisons
Peer comparison for eSmart Systems
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Competitors of eSmart Systems
eSmart Systems 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 Verdigris, Esyasoft, BluWave-ai, Amperon and Stark, among others.
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AI and SaaS-driven energy analytics platform for the management of facilities and commercial buildings
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AI-powered solutions for energy grid modernization are provided.
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AI-based SaaS platform is provided for distributed energy resources.
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AI-driven IoT platform is used by energy retailers and utilities.
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Submetering infrastructure installation and data analytics solutions are provided.
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Open-source middleware for IoT data integration is developed.
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Detailed competitors of eSmart Systems
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Esmart Systems
Complete news archive for eSmart Systems
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Frequently Asked Questions about eSmart Systems
eSmart Systems was founded in 2012 and raised its 1st funding round 1 year after it was founded.
eSmart Systems is headquartered in Halden, Norway.
eSmart Systems is a funded company, having raised a total of $136.04M across 10 funding rounds to date.
Provider of virtual grid asset inspection and digital inventory solutions. The company delivers image-based intelligence for critical grid assets. It offers software as a service and inspection as a service. The companys solutions support asset risk mitigation, wildfire mitigation, and load growth management. Its services also address congestion management, capital planning, and maintenance optimization. The companys offerings facilitate outage reduction, risk detection, and incident investigation.
eSmart Systems offers Grid Vision, Virtual Grid Asset Inspection, Image-Based Digital Inventory, and Permitto Innovation Lab.
eSmart Systems has 12 investors. Key investors include Kongsberg, Equinor, Quanta Services, Innovasjon Norge, and European Union.