About Innovari
Innovari is an Energy & Utilities company based in Hillsboro (United States) founded in 2011. Energy platform to integrate demand side management, grid optimization, distributed energy resources integration and customer engagement. Innovari has raised $8 million across 2 funding rounds from investors including VantagePoint Capital Partners. Its Indian entity Innovari Technologies Private Limited reported revenue of ₹2.58 Cr. Its focus areas include Energy Tech, Smart Grid, Grid Management and Grid Network Monitoring. Its competitors include Trilliant, LineVision and GridPoint; 3 of its 3 listed competitors have raised funding.
Company details
Innovaris Interactive Energy Platform connects utilities, their customers, and their communities. Their platform integrates demand side management, grid optimization, distributed energy resources integration and customer engagement. Their solutions solving the problem of load duration curve that improves system utilization, electric reliability, and utility financial performance. Their non-profit Plugged into Kids, brings together utilities and their customers to help the children in their communities.
- Headquarters Hillsboro, United States
- SectorsEnergy & Utilities
- Email••••••••
- Website innovari.com
- Social LinkedIn X
- Legal Name Innovari Technologies Private Limited
- Date of Incorporation 22 Nov, 2014
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹2.58 Cr
FY 2017 · +16% YoY
- Indian entity net loss-₹8.08 Cr
FY 2017 · -313% margin
- Indian entity EBITDA-₹7.67 Cr
FY 2017 · -297% margin
- Total Equity Funding$8M (USD)
in 2 rounds
- Latest Funding Round$4M (USD), Series B
Dec 2013
- Investors
Associated legal entities of Innovari
Innovari operates through Innovari Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovari Technologies Private Limited CIN U74140DL2014FTC273456 | Under Liquidation | 22 Nov 2014 | New Delhi, Delhi | ₹2.6 Cr | 2 | View details |
Funding Insights of Innovari
Innovari has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in December 2013. 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 $8M
- Total Rounds 2
- Last Round Series B — $4M
- First Round $4M
(May 2011)
- Investors Count 1
All 2 funding rounds of Innovari 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 |
|---|---|---|---|---|---|
| Dec 2013 | $4M | Series B | – | – | |
| May 2011 | $4M | Series A | – | VantagePoint Capital Partners | – |
1 investors in total: 1 institutional.
Investors in Innovari
Innovari has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include VantagePoint Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | vpcp.com | Santa Barbara, United States |
Investor details for Innovari
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Board of directors of Innovari Technologies Private Limited (Innovari)
Innovari Technologies Private Limited is the primary company behind Innovari. The board of Innovari Technologies Private Limited currently have 2 directors; the longest-serving is Preetha Nair, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Preetha Nair DIN 06987519 | Director | 22 Nov 2014 | 11 yrs 11 mo | Innovari Technologies Private Limited |
| Christopher Wayne Hickman DIN 07076053 | Director | 05 Feb 2015 | 11 yrs 8 mo | Innovari Technologies Private Limited |
People of Innovari
2 people are tracked at Innovari (2 in leadership).
| Name | Role | Group |
|---|---|---|
Patricio Testorelli | President & CEO | Leadership |
Nathan Ortega | VP Engineering | Leadership |
Complete people profiles for Innovari
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Financials of Innovari
Figures of Innovari Technologies Private Limited, the primary company behind Innovari, for FY 2017. Revenue was ₹2.58 Cr (+16% year on year). Net loss was -₹8.08 Cr (-313% margin). EBITDA was -₹7.67 Cr (-297% margin).
- ₹2.58 CrRevenue · FY 2017 · +16% YoY
- -₹8.08 CrNet loss · -313% margin
- -₹7.67 CrEBITDA · -297% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Innovari Technologies Private Limited are on its company page.
Detailed financial statements for Innovari
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Timeline of Innovari
3 dated milestones of Innovari across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Innovari is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $4.0M.
Competitors of Innovari
Innovari has 3 listed competitors in our database, 3 of them funded. They include Trilliant, LineVision and GridPoint.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trilliant.com | 1997 | Spearfish, United States | $317M | Provider of communication systems and software platforms for smart grid applications | ||
| linevisioninc.com | 2018 | Somerville, United States | $49.63M | AI-driven optical sensor solutions for grid network monitoring are provided. | ||
| gridpoint.com | 2003 | Reston, United States | $584.31M | 192 | Provider of data-driven energy management solutions |
Detailed competitors of Innovari
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Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Innovari (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Related news about Innovari
Complete news archive for Innovari
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Frequently Asked Questions about Innovari
Innovari was founded in 2011.
Innovari is headquartered in Hillsboro, United States. It is registered at Hillsboro, Oregon, United States.
Innovari is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on May 2011.
The primary company behind Innovari, Innovari Technologies Private Limited, reported revenue of ₹2.58 Cr for FY 2017, up 16% year on year.
Innovaris Interactive Energy Platform connects utilities, their customers, and their communities. Their platform integrates demand side management, grid optimization, distributed energy resources integration and customer engagement. Their solutions solving the problem of load duration curve that improves system utilization, electric reliability, and utility financial performance. Their non-profit Plugged into Kids, brings together utilities and their customers to help the children in their communities.
Innovari's top competitors include Trilliant, GridPoint and LineVision.
Innovari has 1 investor. Key investors include VantagePoint Capital Partners.
Innovari operates through Innovari Technologies Private Limited.
The legal entities of Innovari currently have 2 directors, including Christopher Wayne Hickman, Preetha Nair.