About Functional Devices
Functional Devices is a company based in Sharpsville (United States) founded in 1969 was acquired by Shorehill Capital in January 2019.. The company has 136 employees as of December 31, 2021. Functional Devices operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Sharpsville, United States
- Employees 136 as on 31 Dec, 2021
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Functional Devices, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Madison Capital Funding
& 1 more
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Employee Count
136
as on Dec 31, 2021
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Acquired by
Shorehill Capital
(Jan 08, 2019)
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Funding Insights of Functional Devices
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Debt – Conventional - Functional Devices | Valuation |
investors |
| 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 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. 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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Founded Year | Domain | Location | |
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A private equity firm based in Chicago is operated.
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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 Functional Devices
| 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 - Functional Devices
| 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 |
Functional Devices Comparisons
Competitors of Functional Devices
Functional Devices 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 Particle, ecobee, Signify, Landis+Gyr and Span.IO, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Functional Devices
When was Functional Devices founded?
Functional Devices was founded in 1969 and raised its 1st funding round 50 years after it was founded.
Where is Functional Devices located?
Functional Devices is headquartered in Sharpsville, United States. It is registered at Sharpsville, Pennsylvania, United States.
How many employees does Functional Devices have?
As of Dec 31, 2021, the latest employee count at Functional Devices is 136.
What does Functional Devices do?
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.
Who are the top competitors of Functional Devices?
Functional Devices's top competitors include ecobee, Particle and Landis+Gyr.
Who are Functional Devices's investors?
Functional Devices has 2 investors. Key investors include Madison Capital Funding, and Shorehill Capital.