About GridPoint
GridPoint is a Technology company based in Reston (United States) founded in 2003 by Peter L Corsell, and was acquired by Twenty First Century Utilities in October 2015. Provider of data-driven energy management solutions. It operates in the Technology, Business Services, and Energy & Utilities sectors. GridPoint has raised $584.31 million across 16 funding rounds from investors including Goldman Sachs, Shell and I Squared Capital. GridPoint has completed 3 acquisitions, including ADMMicro, Standard Renewable and V2Green. Its chief executive, as recorded, is Mark Danzenbaker. GridPoint offers products and services including GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis. Its focus areas include Energy Tech, Smart Grid, Grid Management and Diversified. Its legal entity is GridPoint, Inc. Its competitors include MRI Software, Span.IO and Happy; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2003 and based in Reston, United States, GridPoint operates in the energy management sector. Real-time data collection, big data analytics, and cloud computing are utilized to support energy savings, operational efficiency, and sustainability. Hardware components, including submeters, controllers, thermostats, and sensors, are offered alongside the cloud-based Energy Manager platform to monitor assets like HVAC and lighting systems.
- Headquarters Reston, United States
- Founders Peter L Corsell
- Stage Acquired
- SectorsTechnologyBusiness Services Energy & Utilities Real Estate & Construction
- Website gridpoint.com
- Social LinkedIn X Facebook YouTube
- Acquired by Twenty First Century Utilities (Oct 2015)
- Legal Name Gridpoint, Inc.
- Total Equity Funding$584.31M (USD)
in 16 rounds
- Latest Funding Round$45M (USD), Series G
Mar 2025
- InvestorsGoldman Sachs
& 24 more
- Investments & AcquisitionsADMMicro
& 2 more
- Acquired byTwenty First Century Utilities
(Oct 2015)
Products & Services of GridPoint
GridPoint offers a comprehensive portfolio of products and services, including GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis.
Automates building operations by analyzing data for efficiency gains
Monitors systems to detect anomalies and prevent costly issues
Reviews energy output to recommend reduction strategies quickly
Apps and channels of GridPoint
its YouTube channel GridPoint has 316 subscribers and 30 videos.
Videos from GridPoint
The most watched videos on GridPoint's YouTube channel, GridPoint (316 subscribers). Click a video to play it here.
More on GridPoint.
Funding Insights of GridPoint
GridPoint has successfully raised a total of $584.31M across 16 strategic funding rounds. The most recent funding activity was a Series G round of $45 million completed in March 2025. 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 $584.31M
- Total Rounds 16
- Last Round Series G — $45M
- First Round $9M
(Nov 2005)
- Investors Count 25
Latest 10 of 16 funding rounds of GridPoint 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 |
|---|---|---|---|---|---|
| Mar 2025 | $45M | Series G | – | Marunouchi Innovation Partners | |
| Jun 2023 | Debt – Conventional | – | – | ||
| Mar 2022 | $75M | Series G | – | Goldman Sachs Asset Management | |
| Jul 2014 | $22.25M | Series F | – | – | – |
| Jul 2012 | $23.29M | Series F | – | – | – |
| Jan 2011 | $23.65M | Series F | – | – | – |
| Aug 2010 | $10M | Series F | – | – | – |
| Mar 2009 | $115.63M | Series E | – | Craton Equity Partners | – |
| Sep 2008 | $120M | Series E | – | New Enterprise Associates, Perella Weinberg Partners | |
| Mar 2008 | $15M | Series D | – | – | – |
25 investors in total: 25 institutional.
Investors in GridPoint
GridPoint has secured backing from 25 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Shell and I Squared Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth investments are made in climate tech startups globally. | marunouchi-innovation.com | Tokyo, Japan | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Investment management in biotech, technology, energy, shipping, financials, and litigation sectors. | 2003 | qvt.com | ||
HASI is engaged in sustainable infrastructure investments for energy transition. | hasi.com | Annapolis, United States | ||
Multiple sectors are invested in by the private equity firm. | 1996 | kcpl.ca | Toronto, Canada | |
| cratonep.com | ||||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Private equity firm | sgep.com | Bala Cynwyd, United States | ||
| thequercustrust.com | ||||
Growth stage energy sector focused VC firm investing primarily in the US and Canada | altiragroup.com | Denver, United States |
Investor details for GridPoint
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 GridPoint
31 people are tracked at GridPoint (10 in leadership, 7 in board & advisors, 14 in team).
| Name | Role | Group |
|---|---|---|
Peter L Corsell | Founder | Leadership |
Mark Danzenbaker | CEO | Leadership |
Roger Layette | Vice President Of Sales (enterprise Strategic Expansion, Partner Programs) | Leadership |
Shawn Ondeck | VP Of Customer Success | Leadership |
Jason Pope | Director, Operational Excellence & Enablement | Leadership |
Myca Rouse | Director, Technical Solutions & Service | Leadership |
Kathryn G. | Vice President, Account Strategy And Development | Leadership |
James Clark | Vice President, Technical Operations & Security | Leadership |
Douglas Markle | Senior Vice President, Strategic Accounts | Leadership |
Greg Morehead | Vice President Hardware Engineering | Leadership |
Scott Sublett | Director | Board & advisors |
Alex San Miguel | Board Member - Vice Chairman | Board & advisors |
Kevin Crull | Director | Board & advisors |
Peter Corsell | Chairman & Founder | Board & advisors |
Dan Gold | Director | Board & advisors |
John Collins | Director | Board & advisors |
Vikas Agrawal | Director | Board & advisors |
Albert Smith | Service Manager | Team |
Ben Coppock | Firmware Team Lead | Team |
Jonathan Trudel | Business Development | Team |
11 more people are available in the full profile.
Complete people profiles for GridPoint
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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- Professional contacts
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Investments & Acquisitions by GridPoint
GridPoint has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ADMMicro, Standard Renewable and V2Green.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Renewable energy solutions including solar and insulation are offered. | sre3.com | San Antonio, United States | 2006 | Feb 2010 | •••• | |
Manufacturer of energy management devices and building controllers | admmicro.com | United States | 2002 | Nov 2009 | •••• | |
Software solutions for plug-in electric vehicle grid integration were developed. | v2green.com | Seattle, United States | 2006 | Sep 2008 | •••• |
Complete acquisition details for GridPoint
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of GridPoint
7 dated milestones of GridPoint across 22 years, from founding to its latest funding, stage changes and deals.
- Founded GridPoint is founded.
- Funding First funding round of $9.0M.
- Acquisition Acquires V2Green.
- Acquisition Acquires ADMMicro.
- Acquisition Acquires Standard Renewable.
- Exit Acquired by Twenty First Century Utilities.
- Funding Latest funding round, Series G, of $45.0M.
Competitors of GridPoint
GridPoint has 3 listed competitors in our database, 3 of them funded. They include MRI Software, Span.IO and Happy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| span.io | 2014 | San Francisco, United States | $255.56M | Smart panels for home energy management are provided by Span.IO. | ||
| happy.co | 2011 | Carlsbad, United States | $78.77M | 30 | Software for property maintenance, asset management, and leasing is developed. |
Detailed competitors of GridPoint
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of GridPoint
The website of GridPoint (gridpoint.com) receives about 9.7K visits a month.
- Monthly visits9.7K
▲ 1.2% vs previous month
Websites whose visitors overlap most with GridPoint. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| comverge.com | 100% | View details | |||
enernoc.com | enernoc.com | 90% | – | ||
| energycap.com | 82% | 42.1K | #659,017 | View details | |
| energateinc.com | 77% | View details | |||
homepower.com | homepower.com | 76% | #10,972,114 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for GridPoint
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as GridPoint (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Related news about Gridpoint
Complete news archive for GridPoint
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about GridPoint
GridPoint was founded in 2003 and raised its 1st funding round 2 years after it was founded.
GridPoint is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Mark Danzenbaker is the CEO of GridPoint, as recorded in our data.
GridPoint is a funded company, having raised a total of $584.31M across 16 funding rounds to date. The company's 1st funding round was a Series D of $15M, raised on Nov 2005.
Founded in 2003 and based in Reston, United States, GridPoint operates in the energy management sector. Real-time data collection, big data analytics, and cloud computing are utilized to support energy savings, operational efficiency, and sustainability. Hardware components, including submeters, controllers, thermostats, and sensors, are offered alongside the cloud-based Energy Manager platform to monitor assets like HVAC and lighting systems.
GridPoint's top competitors include Span.IO, Happy and MRI Software.
GridPoint offers GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis.
GridPoint has made 3 acquisitions, including ADMMicro, Standard Renewable, and V2Green.
GridPoint has 25 investors. Key investors include Goldman Sachs, Shell, I Squared Capital, Perella Weinberg Partners, and Fortress Investment.
GridPoint operates through Gridpoint, Inc..
Yes. GridPoint was acquired by Twenty First Century Utilities in October 2015.