About Optimeering
Optimeering is a company based in Oslo (Norway) founded in 2013.. The company has 6 employees as of December 31, 2019. Optimeering offers products and services including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast. Optimeering operates in a competitive market with competitors including Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant, among others.
- Headquarter Oslo, Norway
- Employees 6 as on 31 Dec, 2019
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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
*********
- Legal Name Optimeering As
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Annual Revenue
$526.96 K (USD)28as on Dec 31, 2022
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Net Profit
$-774.87 K (USD)-27as on Dec 31, 2022
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EBITDA
$-775.15 K (USD)-27as on Dec 31, 2022
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Latest Funding Round
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Investors
Eidsiva
& 1 more
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Employee Count
6
as on Dec 31, 2019
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Products & Services of Optimeering
Optimeering offers a comprehensive portfolio of products and services, including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast. 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.
Predicts real-time power market prices to manage imbalances and reduce risks.
Forecasts for capacity markets to optimize trading and bidding strategies.
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Funding Insights of Optimeering
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Optimeering | Valuation | Hafslund E-CO , Eidsiva |
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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 Optimeering
Optimeering has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Eidsiva and Hafslund E-CO. 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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Hydroelectric power is produced independently by Hafslund E-CO in Norway.
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Founded Year | Domain | Location | |
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Renewable energy, fiber broadband, and district heating are provided.
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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 Optimeering
| 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 - Optimeering
| 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 |
Optimeering Comparisons
Competitors of Optimeering
Optimeering 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 Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant, 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 |
Machine learning analytics for power industry forecasting are developed.
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| domain | founded_year | HQ Location |
Energy markets are modeled and simulated through specialized software tools.
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| domain | founded_year | HQ Location |
Machine learning platform is utilized to optimize utility operations.
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| domain | founded_year | HQ Location |
Business intelligence solutions are offered for energy industries.
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| domain | founded_year | HQ Location |
Quantitative models for energy analytics and risk are provided.
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| domain | founded_year | HQ Location |
Predictive analytics for Power seller and purchases of the wholesale energy market
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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 Optimeering
When was Optimeering founded?
Optimeering was founded in 2013 and raised its 1st funding round 10 years after it was founded.
Where is Optimeering located?
Optimeering is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Optimeering have?
As of Dec 31, 2019, the latest employee count at Optimeering is 6.
What is the annual revenue of Optimeering?
Annual revenue of Optimeering is $526.96K as on Dec 31, 2022.
What does Optimeering do?
Optimeering was founded in 2013 and is based in Oslo, Norway. Operations focus on the energy and industrial sectors, where modeling, analytics, and consulting services are delivered. Tools developed include machine learning applications for predicting power system imbalances, estimating municipal hourly power demand, and analyzing electricity consumption patterns. Clientele encompasses entities such as the Norwegian University of Science and Technology, Energimyndigheten, Enova, Energinet, Akva Group, and Statkraft.
Who are the top competitors of Optimeering?
Optimeering's top competitors include Energy Exemplar, cQuant and Gaiascope.
What products or services does Optimeering offer?
Optimeering offers Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast.
Who are Optimeering's investors?
Optimeering has 2 investors. Key investors include Eidsiva, and Hafslund E-CO.