About Northern Reliability
Northern Reliability is a company based in Waterbury (United States) founded in 2007 was acquired by KORE Power in March 2022.. Northern Reliability has raised $355 thousand across 4 funding rounds from investors including KORE Power and VCET. Northern Reliability operates in a competitive market with competitors including Landis+Gyr, Tantalus, Esyasoft, Beacon Power Services and ZIV, among others.
- Headquarter Waterbury, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$355 K (USD)
in 4 rounds
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Latest Funding Round
$500 K (USD), Debt – Conventional
Dec 12, 2018
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Investors
KORE Power
& 1 more
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Employee Count
Employee Count
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Acquired by
KORE Power
(Mar 23, 2022)
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Funding Insights of Northern Reliability
Northern Reliability has successfully raised a total of $355K across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $500 thousand completed in December 2018. 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 Debt – Conventional — $500,000
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First Round
First Round
(11 Apr 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Debt – Conventional - Northern Reliability | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Northern Reliability | Valuation |
investors |
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| Nov, 2017 | Amount | Debt – Conventional - Northern Reliability | 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 |
Investors in Northern Reliability
Northern Reliability has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include KORE Power and VCET. 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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Sector-agnostic accelerator focused on startups
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Founded Year | Domain | Location | |
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Lithium-based energy storage systems are manufactured for utilities.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Northern Reliability
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Northern Reliability
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Northern Reliability Comparisons
Competitors of Northern Reliability
Northern Reliability 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, Tantalus, Esyasoft, Beacon Power Services and ZIV, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart grid communication solutions are provided for utilities by Tantalus.
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| domain | founded_year | HQ Location |
AI-powered solutions for energy grid modernization are provided.
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| domain | founded_year | HQ Location |
Web-based building energy management software solutions are provided.
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| domain | founded_year | HQ Location |
Digital automation equipment for energy sector is manufactured and supplied.
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| domain | founded_year | HQ Location |
Software solutions for energy portfolio analysis, asset valuation and hedge optimization operations
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Northern Reliability
When was Northern Reliability founded?
Northern Reliability was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is Northern Reliability located?
Northern Reliability is headquartered in Waterbury, United States. It is registered at Waterbury, Connecticut, United States.
Is Northern Reliability a funded company?
Northern Reliability is a funded company, having raised a total of $355K across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $500K, raised on Apr 11, 2013.
What does Northern Reliability do?
Northern Reliability was founded in 2007 in Waterbury, United States, and operates in the distributed energy sector. Stand-alone electric power systems are designed, purchased, and assembled for businesses and communities needing reliable off-grid power. Services include standalone solar systems with battery storage, solutions for smart grid power management and peak shaving, and UPS systems ensuring consistent waveforms during emergencies.
Who are the top competitors of Northern Reliability?
Northern Reliability's top competitors include Landis+Gyr, Tantalus and Esyasoft.
Who are Northern Reliability's investors?
Northern Reliability has 2 investors. Key investors include KORE Power, and VCET.
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