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
Locked
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
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.
People of GridX
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on growth-stage startups
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Live pet air plants are offered for adoption to children.
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Delivers comprehensive financing solutions for property owners and solar project developers.
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Locked | Locked | Locked |
Investor details for GridX
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by GridX
GridX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Innowatts.
Investment portfolio details for GridX
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| 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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Complete acquisition details for GridX
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Financial Statements - GridX
Detailed financials for GridX
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Gridx Comparisons
Peer comparison for GridX
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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End-to-end energy management solutions are provided for utilities worldwide.
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Energy efficiency and smart grid management solutions
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Smart grid communication solutions are provided for utilities by Tantalus.
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Cloud-based invoicing and billing solution for businesses
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AI-based software for medical coding and PHI de-identification is provided.
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Developer of electricity transmission based utility projects
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Detailed competitors of GridX
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Gridx
Complete news archive for GridX
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about GridX
GridX was founded in 2010 and raised its 1st funding round 3 years after it was founded.
GridX is headquartered in Walnut Creek, United States. It is registered at Walnut Creek, California, United States.
Chris Black is the current CEO of GridX.
GridX is a funded company, having raised a total of $68.2M across 4 funding rounds to date.
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.
GridX's top competitors include Landis+Gyr, Arcadia and PowerSecure.
GridX offers gridx Design, gridx Analyze, gridx Empower, gridx Explore, and 2 more products and services.
GridX has made 1 acquisition, including Innowatts.
GridX has 5 investors. Key investors include Energy Impact Partners, Sunfox Capital, My Pet Air Plant, Hunter Horgan, and Moore Strategic Ventures.