About Heimdall Power
Heimdall Power is a company based in Bergen (Norway) founded in 2015.. Heimdall Power has raised $28.6 million across 4 funding rounds from investors including ORLEN, Lyse and Sprettert. Heimdall Power offers products and services including Heimdall AAR, Heimdall DLR, Heimdall HEALTH, Sensors, and Software. Heimdall Power operates in a competitive market with competitors including GeoDigital, Trilliant, Volue, Neara and LineVision, among others.
- Headquarter Bergen, Norway
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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 Heimdall Power As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.6 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Series B
Jul 16, 2024
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Investors
ORLEN
& 5 more
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Employee Count
Employee Count
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Products & Services of Heimdall Power
Heimdall Power offers a comprehensive portfolio of products and services, including Heimdall AAR, Heimdall DLR, Heimdall HEALTH, Sensors, and Software. 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.
Software for ambient adjusted rating to enhance power grid efficiency.
System for dynamic line rating to optimize energy transmission.
Tools for health assessment of power grids and components.
Devices that monitor grid conditions for real-time data analysis.
Applications for managing and improving power grid operations globally.
Virtual systems simulating sensor data for grid optimization tasks.
Drones for autonomous monitoring and inspection of power infrastructure.
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Funding Insights of Heimdall Power
Heimdall Power has successfully raised a total of $28.6M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in July 2024. 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 B — $25.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series B - Heimdall Power | Valuation | ORLEN | |
| Oct, 2019 | Amount | Series A - Heimdall Power | Valuation | Lyse |
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| Apr, 2018 | Amount | Seed - Heimdall Power | Valuation | Sprettert |
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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 Heimdall Power
Heimdall Power has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include ORLEN, Lyse and Sprettert. 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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Lyse is engaged in providing sustainable energy solutions.
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Founded Year | Domain | Location | |
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Early-stage investments are made in Norwegian startups by Sprettert.
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Founded Year | Domain | Location | |
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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 Heimdall Power
| 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 - Heimdall Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Heimdall Power Comparisons
Competitors of Heimdall Power
Heimdall Power 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 GeoDigital, Trilliant, Volue, Neara and LineVision, 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 |
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| domain | founded_year | HQ Location |
Provider of 3D data of remote sensor, and spatial intelligence technologies
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| domain | founded_year | HQ Location |
Provider of communication systems and software platforms for smart grid applications
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Solutions for portfolio and project management are provided.
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| domain | founded_year | HQ Location |
Digital twin solutions for power transmission are developed for utilities.
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| domain | founded_year | HQ Location |
AI-driven optical sensor solutions for grid network monitoring are provided.
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| domain | founded_year | HQ Location |
AI-driven grid management software solutions are provided for energy operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Heimdall Power
Frequently Asked Questions about Heimdall Power
When was Heimdall Power founded?
Heimdall Power was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Heimdall Power located?
Heimdall Power is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.
Who is the current CEO of Heimdall Power?
Jorgen Festervoll is the current CEO of Heimdall Power.
Is Heimdall Power a funded company?
Heimdall Power is a funded company, having raised a total of $28.6M across 4 funding rounds to date.
What does Heimdall Power do?
Founded in 2015 and based in Bergen, Norway, Heimdall Power operates in the energy sector. Patented Neurons are attached to new and existing high-voltage lines for continuous monitoring using RFID. Software is provided for predictive analysis and live data oversight, with integrations to SCADA and DMS systems. Key metrics tracked include current, voltage, frequency, temperature, sag, tension, vibration, galloping, corona, and site suitability.
Who are the top competitors of Heimdall Power?
Heimdall Power's top competitors include GeoDigital, Neara and envelio.
What products or services does Heimdall Power offer?
Heimdall Power offers Heimdall AAR, Heimdall DLR, Heimdall HEALTH, Sensors, and 3 more products and services.