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.
- Total Equity Funding$136.04M (USD)
in 10 rounds
- Latest Funding Round$32.39M (USD), Series B
Oct 2024
- InvestorsKongsberg
& 11 more
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.
Apps and channels of eSmart Systems
its YouTube channel eSmart Systems has 181 subscribers and 30 videos.
Videos from eSmart Systems
The most watched videos on eSmart Systems's YouTube channel, eSmart Systems (181 subscribers). Click a video to play it here.
More on eSmart Systems.
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.
- Total Funding $136.04M
- Total Rounds 10
- Last Round Series B — $32.39M
- Investors Count 12
All 10 funding rounds of eSmart Systems 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 |
|---|---|---|---|---|---|
| Oct 2024 | $32.39M | Series B | – | TiLT Capital Partners | |
| Aug 2022 | $40.16M | Series B | – | – | |
| Jun 2019 | $34M | Series B | – | innogy.ventures | |
| Dec 2018 | $18M | Series B | – | Equinor | |
| Sep 2018 | $400,092 | Grant | – | – | |
| Jan 2017 | $1.71M | Grant | – | – | |
| Dec 2016 | $11.5M | Series A | – | Kongsberg | – |
| Jan 2015 | – | Grant | – | – | |
| Jun 2013 | – | Seed | – | Level39 | – |
| Feb 2013 | – | Seed | – | – |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TiLT Capital is focused on energy transition investments in Europe. | 2021 | tilt-capital.com | Paris, France | |
Arosa Capital Management is engaged in energy sector investments. | 2013 | arosacapital.com | Miami Beach, United States | |
Venture capital fund focused on growth-stage startups | – | energyimpactpartners.com | New York, United States | |
Venture capital fund focused on the energy tech sector | – | fev.vc | Essen, Germany | |
- | – | innogy.ventures | - | |
Startup community and accelerator for tech-based startups | – | level39.co | London, United Kingdom | |
Integrated infrastructure solutions provider | 1997 | quantaservices.com | Houston, United States | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Offers long-term investments in projects that reduce emissions and promote green shifts. | 2017 | nysnoinvest.no | Stavanger, Norway | |
Multi-utility robots and defense systems are provided for industrial applications. | 1814 | kongsberg.com | Kongsberg, Norway |
Investor details for eSmart Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of eSmart Systems
35 people are tracked at eSmart Systems (17 in leadership, 18 in team).
| Name | Role | Group |
|---|---|---|
Knut E Gustavsen | Co-Founder | Leadership |
Martin Ofstad | Director of Finance | Leadership |
Clemens Gerstenberger | Director of Revenue Operations | Leadership |
Tove Isebakke | Head Of Group Accounting | Leadership |
Julien Gévaudan | Sales Director | Leadership |
Stéphane D. | Sales Director Benelux, Nordics & United Kingdom | Leadership |
Andreas Waal | Head Of Development | Leadership |
Sonsoles Bekkevold-Cabanis | Head of Legal | Leadership |
Joscha Köllner | Vice President Sales Europe | Leadership |
Douglas Coene | Chief Strategy Officer | Leadership |
Henrik Bache | CEO | Leadership |
Mike Scheiffgen | Sales Director DACH at eSmart Systems | Leadership |
Ole Jørgen Melleby | COO | Leadership |
Sunny Nagra | Chief Commercial Officer (cco) | Leadership |
Davide Roverso | CAO, Chief Analytics Officer | Leadership |
Jeff Bonebright | Sr Director | Leadership |
Van Nhan Nguyen | Head Of AI | Leadership |
Cynthia "Cindy" Melberg | Administration and HR | Team |
Concha Reidenbach | Sales Development | Team |
Marzie Sorati | User Experience Designer And Researcher | Team |
15 more people are available in the full profile.
Complete people profiles for eSmart Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of eSmart Systems
3 dated milestones of eSmart Systems across 12 years, from founding to its latest funding, stage changes and deals.
- Founded eSmart Systems is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $32.4M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verdigris.co | 2011 | Mountain View, United States | $41.76M | 27 | AI and SaaS-driven energy analytics platform for the management of facilities and commercial buildings | |
| esyasoft.com | 2014 | Bengaluru, India | $4.43M | 309 | AI-powered solutions for energy grid modernization are provided. | |
| bluwave-ai.com | 2017 | Ottawa, Canada | $17.79M | 28 | AI-based SaaS platform is provided for distributed energy resources. | |
| amperon.co | 2017 | New York, United States | $29.9M | – | AI-driven IoT platform is used by energy retailers and utilities. | |
| stark.co.uk | 1981 | Horley, United Kingdom | – | 199 | Submetering infrastructure installation and data analytics solutions are provided. | |
| greenbird.com | 2010 | Oslo, Norway | $10.83M | 43 | Open-source middleware for IoT data integration is developed. | |
| arkion.co | 2019 | Stockholm, Sweden | $4M | – | AI-powered asset analytics for power grid inspections are provided. | |
| gridstatus.io | 2023 | Chicago, United States | $8M | – | Cloud-based dashboards for real-time electric grid monitoring are offered. | |
| watty.io | 2013 | Stockholm, Sweden | $4.47M | – | Energy usage analytics are delivered for smart homes and buildings. |
Detailed competitors of eSmart Systems
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of eSmart Systems
The website of eSmart Systems (esmartsystems.com) receives about 5K visits a month.
- Monthly visits5K
▼ 23.9% vs previous month
Websites whose visitors overlap most with eSmart Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
reviews.com | reviews.com | 100% | – | #1,940,349 | – |
google.no | google.no | 60% | – | – | – |
Latest news on Esmart Systems
Complete news archive for eSmart Systems
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to eSmart Systems
10 companies that operate in the same segment as eSmart Systems (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 M | – | – | |
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
eSmart Systems operates through Esmart Systems Aps.