About Itron
Itron is a company based in Liberty Lake (United States) founded in 1977.. The company has 5,790 employees as of December 31, 2024. Itron has completed 10 acquisitions, including Asaïs, Comverge and Elpis Squared. Itron offers products and services including DERMS, Grid Planning, and Advanced Metering Infrastructure. Itron operates in a competitive market with competitors including Sense, Aclara Technologies, Iskraemeco, GreenCom Networks and Kamstrup, among others.
- Headquarter Liberty Lake, United States
- Employees 5790 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyEnergy & 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 Itron, Inc.
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Annual Revenue
$2.44 B12.29as on Dec 31, 2024
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Net Profit
$239.1 M146.7as on Dec 31, 2024
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EBITDA
$323.66 M41.16as on Dec 31, 2024
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Latest Funding Round
$400 M (USD), Post-IPO
Mar 08, 2021
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Investors
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Employee Count
5790
as on Dec 31, 2024
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Investments & Acquisitions
Asaïs
& 9 more
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IPO & Listings of Itron
Itron is a publicly listed company on the NASDAQ with ticker symbol ITRI in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Itron
Itron offers a comprehensive portfolio of products and services, including DERMS, Grid Planning, and Advanced Metering Infrastructure. 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.
Manages distributed energy resources for grid resilience and optimization.
Simplifies planning and engineering for reliable utility infrastructure.
Enables automated meter reading and data management for utilities.
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Software Development Team
191 people
Leadership Team
52 people
Senior Team
43 people
Sales and Marketing
37 people
Product Management Team
34 people
Finance and Accounting
28 people
Principal Team
26 people
Human Resources and Administration
22 people
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Funding Insights of Itron
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $400.0M
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First Round
First Round
(15 Jan 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Post-IPO - Itron | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - Itron | 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 |
Investments & Acquisitions by Itron
Itron has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Asaïs, Comverge and Elpis Squared. 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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Grid monitoring and load forecasting software is provided.
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2016 | ||||
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AI-driven urban datasets and analysis tools are offered by Urbint.
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2015 | ||||
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Navigation-based workforce management solutions for construction are provided.
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2014 |
| 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 - Itron
| 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 |
Itron Comparisons
Competitors of Itron
Itron 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 Sense, Aclara Technologies, Iskraemeco, GreenCom Networks and Kamstrup, 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 |
AI-driven energy monitoring via sensors and mobile apps is provided.
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| domain | founded_year | HQ Location |
Smart infrastructure solutions are provided to global utilities.
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| domain | founded_year | HQ Location |
AMI products for energy metering are manufactured globally.
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| domain | founded_year | HQ Location |
Cloud & AI-based mesh networking management solutions provider
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| domain | founded_year | HQ Location |
Energy and water metering systems are manufactured and marketed globally.
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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 Itron
Frequently Asked Questions about Itron
When was Itron founded?
Itron was founded in 1977 and raised its 1st funding round 41 years after it was founded.
Where is Itron located?
Itron is headquartered in Liberty Lake, United States. It is registered at Liberty Lake, Washington, United States.
Who is the current CEO of Itron?
Thomas Deitrich is the current CEO of Itron.
How many employees does Itron have?
As of Dec 31, 2024, the latest employee count at Itron is 5,790.
What is the annual revenue of Itron?
Annual revenue of Itron is $2.44B as on Dec 31, 2024.
What does Itron do?
Itron was founded in 1977 and is headquartered in Liberty Lake, United States. Operations focus on the energy sector, where cloud-based solutions for smart grids are delivered. Services encompass advanced meter infrastructure, meter reading systems, data management software, analytics tools, distributed energy management, and automation technologies. These offerings support utilities in managing grid efficiency and resource distribution across various geographies.
Who are the top competitors of Itron?
Itron's top competitors include Sense, Iskraemeco and Aclara Technologies.
What products or services does Itron offer?
Itron offers DERMS, Grid Planning, and Advanced Metering Infrastructure.
Is Itron publicly traded?
Yes, Itron is publicly traded on NASDAQ under the ticker symbol ITRI.
How many acquisitions has Itron made?
Itron has made 10 acquisitions, including Asaïs, Comverge, and Elpis Squared.
What is Itron's ticker symbol?
The ticker symbol of Itron is ITRI on NASDAQ.
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