About GridX
GridX is a company based in Walnut Creek (United States) founded in 2010 by Scott Engstrom. It operates as a SaaS (Software-as-a-Service). GridX has raised $68.2 million across 4 funding rounds from investors including Energy Impact Partners, Sunfox Capital and My Pet Air Plant. GridX has completed 1 acquisition, including Innowatts. GridX offers products and services including gridx Design, gridx Analyze, gridx Empower, gridx Explore, and gridx Advise. GridX operates in a competitive market with competitors including Landis+Gyr, PowerSecure, Tantalus, Amberflo and Fathom, among others.
- Headquarter Walnut Creek, United States
- Founders Scott Engstrom
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Sectors
Energy & UtilitiesTechnology
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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 Gridx, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$68.2 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Apr 15, 2022
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Investors
Energy Impact Partners
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of GridX
GridX offers a comprehensive portfolio of products and services, including gridx Design, gridx Analyze, gridx Empower, gridx Explore, and gridx Advise. 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.
Rates and tariffs are designed for utility providers.
Billing quality analytics are run for every customer.
Accurate cost data is communicated through APIs effectively.
Clean energy options are visualized and bundled for customers.
Business customers are advised on optimal rate selection.
Complex rates are billed within existing CIS systems.
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Software Development Team
11 people
Sales and Marketing
7 people
Product Management Team
4 people
Senior Team
4 people
Customer Team
3 people
Leadership Team
3 people
Data Analysis and Operations Team
2 people
Human Resources and Administration
2 people
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Funding Insights of GridX
GridX has successfully raised a total of $68.2M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in April 2022. 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 4
- Last Round Series C — $40.0M
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First Round
First Round
(12 Apr 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series C - GridX | Valuation | Energy Impact Partners | |
| May, 2021 | Amount | Series B - GridX | Valuation | Energy Impact Partners |
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| Oct, 2020 | Amount | Series B - GridX | Valuation |
investors |
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| 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 GridX
GridX has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Energy Impact Partners, Sunfox Capital and My Pet Air Plant. 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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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Live pet air plants are offered for adoption to children.
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Founded Year | Domain | Location | |
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Delivers comprehensive financing solutions for property owners and solar project developers.
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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 GridX
GridX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Innowatts. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI and SaaS-driven energy-saving products for homeowners are provided.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GridX
| 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 |
Gridx Comparisons
Competitors of GridX
GridX 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 Landis+Gyr, PowerSecure, Tantalus, Amberflo and Fathom, 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 |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Smart grid communication solutions are provided for utilities by Tantalus.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and billing solution for businesses
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| domain | founded_year | HQ Location |
AI-based software for medical coding and PHI de-identification is provided.
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| domain | founded_year | HQ Location |
Developer of electricity transmission based utility projects
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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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Latest news on Gridx
Frequently Asked Questions about GridX
When was GridX founded?
GridX was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is GridX located?
GridX is headquartered in Walnut Creek, United States. It is registered at Walnut Creek, California, United States.
Who is the current CEO of GridX?
Chris Black is the current CEO of GridX.
Is GridX a funded company?
GridX is a funded company, having raised a total of $68.2M across 4 funding rounds to date. The company's 1st funding round was a Series B of $16.2M, raised on Apr 12, 2013.
What does GridX do?
GridX is established as a leading enterprise rate platform for utilities, focusing on modern rate structures and clean energy solutions. The company is involved in designing, analyzing, and billing complex utility rates through various software tools. Services are provided to help utilities and customers understand the cost impact of energy decisions. The platform is utilized to model tariffs, influence clean energy adoption, and deliver real-time cost analysis. GridX operates within the utility software sector, supporting decarbonization goals and personalized customer insights.
Who are the top competitors of GridX?
GridX's top competitors include Landis+Gyr, Arcadia and PowerSecure.
What products or services does GridX offer?
GridX offers gridx Design, gridx Analyze, gridx Empower, gridx Explore, and 2 more products and services.
How many acquisitions has GridX made?
GridX has made 1 acquisition, including Innowatts.
Who are GridX's investors?
GridX has 5 investors. Key investors include Energy Impact Partners, Sunfox Capital, My Pet Air Plant, Hunter Horgan, and Moore Strategic Ventures.
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