About Ionworks
Ionworks is a company based in Pittsburgh (United States) founded in 2023 by Valentin Sulzer, Robert Timms, Venkat Viswanathan, and Ferran Brosa Planella.. Ionworks has raised $500 thousand across 1 funding round from investors including Y Combinator. Ionworks offers products and services including Battery Simulation Platform and Battery Cycler Simulator. Ionworks operates in a competitive market with competitors including Geli, About Energy, CustomCells, oorja and IONETIC, among others.
- Headquarter Pittsburgh, United States
- Founders Valentin Sulzer, Robert Timms, Venkat Viswanathan, Ferran Brosa Planella
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Sectors
Energy & Utilities
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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 Ionworks Technologies 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
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Ionworks
Ionworks offers a comprehensive portfolio of products and services, including Battery Simulation Platform and Battery Cycler Simulator. 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.
Enables virtual testing of battery designs and scenarios.
Verifies cycler protocols to avoid costly physical experiments.
Funding Insights of Ionworks
Ionworks has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 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 1
- Last Round Seed — $499,998
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Ionworks | Valuation | Y Combinator |
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| 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 |
Investors in Ionworks
Ionworks has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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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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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ionworks
| 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 - Ionworks
| 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 |
Ionworks Comparisons
Competitors of Ionworks
Ionworks 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 Geli, About Energy, CustomCells, oorja and IONETIC, 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 |
Develops energy storage operating software
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Battery design software is provided for energy applications.
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Modular cell technology is manufactured for energy storage solutions.
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| domain | founded_year | HQ Location |
Platform offering battery simulation and life management solutions
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| domain | founded_year | HQ Location |
Provider of battery pack technology for auto manufacturers to make the transition to electrified powertrains
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Ionworks
When was Ionworks founded?
Ionworks was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Ionworks located?
Ionworks is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Ionworks?
Valentin Sulzer is the current CEO of Ionworks. They have also founded this company.
Is Ionworks a funded company?
Ionworks is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2024.
What does Ionworks do?
Ionworks was founded in 2023 in Pittsburgh, United States, within the battery technology sector. Virtual prototyping tools are offered to support research and development efforts for batteries. These suites are employed by battery and automotive companies to streamline product development workflows. Operations focus on simulation-based design processes to aid innovation in energy storage solutions.
Who are the top competitors of Ionworks?
Ionworks's top competitors include CustomCells, Geli and oorja.
What products or services does Ionworks offer?
Ionworks offers Battery Simulation Platform and Battery Cycler Simulator.
Who are Ionworks's investors?
Ionworks has 1 investor. Key investors include Y Combinator.