About Functional Devices
Functional Devices is a Business Services company based in Sharpsville (United States) founded in 1969. It operates as a control systems and building automation devices are manufactured. It operates in the Business Services, Energy & Utilities, and Technology sectors. The company has 136 employees. Its website functionaldevices.com draws about 21 thousand monthly visits. The company has since been acquired. Its focus areas include Real Estate and Construction Tech, Facility Management Tech, Building Management and Building Energy Management. Its legal entity is FUNCTIONAL DEVICES, INC. Its competitors include Particle, ecobee, Signify, Landis+Gyr and Span.IO and 5 more; 7 of its 10 listed competitors have raised funding.
Company details
Founded in 1969 and based in Sharpsville, United States, control systems and building automation equipment are produced by the company. Operations focus on devices such as current sensors, relays, power supplies, and transformers. Lighting control components, including power and latching relays as well as EnOcean devices, are also manufactured within the building automation sector.
- Headquarters Sharpsville, United States
- Employees 136
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website functionaldevices.com
- Social LinkedIn X Facebook
- Acquired by Shorehill Capital (Jan 2019)
- Legal Name Functional Devices, Inc.
- InvestorsMadison Capital Funding
& 1 more
- Employee Count136
Funding Insights of Functional Devices
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Functional Devices 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 |
|---|---|---|---|---|---|
| Jan 2019 | – | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Functional Devices
Functional Devices has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Madison Capital Funding and Shorehill Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | mcfllc.com | - | |
A private equity firm based in Chicago is operated. | – | shorehillcapital.com | Chicago, United States |
Investor details for Functional Devices
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.
Timeline of Functional Devices
3 dated milestones of Functional Devices across 50 years, from founding to its latest funding, stage changes and deals.
- Founded Functional Devices is founded.
- Exit Acquired by Shorehill Capital.
- Funding First funding round.
Competitors of Functional Devices
Functional Devices has 10 listed competitors in our database, 7 of them funded. They include Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| ecobee.com | 2007 | Toronto, Canada | $151.52M | – | Provider of smart thermostats for commercial and residential applications | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. | |
| awox.com | 2003 | Montpellier, France | $5.13M | – | Wifi-enabled smart home appliances are provided by AwoX. | |
| franklinenergy.com | 1994 | Milwaukee, United States | – | 641 | Energy efficiency programs are designed for utilities and municipalities. | |
| phononic.com | 2009 | Durham, United States | $207.9M | 109 | Solid state thermal management solutions using semiconductors are developed. |
Detailed competitors of Functional Devices
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 Functional Devices
The website of Functional Devices (functionaldevices.com) receives about 20.7K visits a month.
- Monthly visits20.7K
▲ 9.9% vs previous month
Websites whose visitors overlap most with Functional Devices. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| veris.com | 100% | 31.4K | #985,378 | View details | |
| workaci.com | 100% | 19K | #1,312,978 | View details | |
| intermatic.com | 97% | 38.9K | #619,723 | View details | |
| honeywell.com | 91% | 3.4M | #15,999 | View details | |
| dwyer-inst.com | 83% | – | #3,069,019 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Functional Devices
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Facility Management Platforms
10 companies that operate in the same segment as Functional Devices (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
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 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Frequently Asked Questions about Functional Devices
Functional Devices was founded in 1969 and raised its 1st funding round 50 years after it was founded.
Functional Devices is headquartered in Sharpsville, United States. It is registered at Sharpsville, Pennsylvania, United States.
Functional Devices has 136 employees.
Founded in 1969 and based in Sharpsville, United States, control systems and building automation equipment are produced by the company. Operations focus on devices such as current sensors, relays, power supplies, and transformers. Lighting control components, including power and latching relays as well as EnOcean devices, are also manufactured within the building automation sector.
Functional Devices's top competitors include ecobee, Particle and Landis+Gyr.
Functional Devices has 2 investors. Key investors include Madison Capital Funding, and Shorehill Capital.
Functional Devices operates through Functional Devices, Inc..
Yes. Functional Devices was acquired by Shorehill Capital in January 2019.