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
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Net Profit
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EBITDA
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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
Employee Count
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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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $32.4M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - eSmart Systems | Valuation | TiLT Capital Partners | |
| Aug, 2022 | Amount | Series B - eSmart Systems | Valuation |
investors |
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| Jun, 2019 | Amount | Series B - eSmart Systems | Valuation | innogy.ventures |
| 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 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. 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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TiLT Capital is focused on energy transition investments in Europe.
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Founded Year | Domain | Location | |
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Arosa Capital Management is engaged in energy sector investments.
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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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 eSmart Systems
| 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 - eSmart Systems
| 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 |
Esmart Systems Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
AI and SaaS-driven energy analytics platform for the management of facilities and commercial buildings
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| domain | founded_year | HQ Location |
AI-powered solutions for energy grid modernization are provided.
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| domain | founded_year | HQ Location |
AI-based SaaS platform is provided for distributed energy resources.
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| domain | founded_year | HQ Location |
AI-driven IoT platform is used by energy retailers and utilities.
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| domain | founded_year | HQ Location |
Submetering infrastructure installation and data analytics solutions are provided.
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| domain | founded_year | HQ Location |
Open-source middleware for IoT data integration is developed.
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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 Esmart Systems
Frequently Asked Questions about eSmart Systems
When was eSmart Systems founded?
eSmart Systems was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is eSmart Systems located?
eSmart Systems is headquartered in Halden, Norway.
Is eSmart Systems a funded company?
eSmart Systems is a funded company, having raised a total of $136.04M across 10 funding rounds to date. The company's 1st funding round was a Series B of $34M, raised on Feb 11, 2013.
What does eSmart Systems do?
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.
Who are the top competitors of eSmart Systems?
What products or services does eSmart Systems offer?
eSmart Systems offers Grid Vision, Virtual Grid Asset Inspection, Image-Based Digital Inventory, and Permitto Innovation Lab.
Who are eSmart Systems's investors?
eSmart Systems has 12 investors. Key investors include Kongsberg, Equinor, Quanta Services, Innovasjon Norge, and European Union.
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