About Optimeering
Optimeering is a Technology company based in Oslo (Norway) founded in 2013. It operates as a modelling and predictive analytics tools for the industrial sector. It operates in the Technology and Energy & Utilities sectors. The company has 6 employees. Optimeering offers products and services including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast. Its focus areas include Energy Tech, Smart Grid, Energy Demand and Price Forecasting and Environment Tech. Its legal entity is OPTIMEERING AS. Its competitors include Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Oslo, Norway
- Employees 6
- SectorsTechnologyEnergy & Utilities
- Email••••••••
- Website optimeering.com
- Social LinkedIn X Facebook
- Legal Name Optimeering As
- Annual Revenue$526.96 K (USD)28as on Dec 31, 2022
- Net Profit-$774.87 K (USD)-27as on Dec 31, 2022
- EBITDA-$775.15 K (USD)-27as on Dec 31, 2022
- InvestorsEidsiva
& 1 more
- Employee Count6
Products & Services of Optimeering
Optimeering offers a comprehensive portfolio of products and services, including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast.
Predicts real-time power market prices to manage imbalances and reduce risks.
Forecasts for capacity markets to optimize trading and bidding strategies.
Funding Insights of Optimeering
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Optimeering 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 |
|---|---|---|---|---|---|
| Jun 2023 | – | Seed | – | Hafslund E-CO, Eidsiva | – |
2 investors in total: 2 institutional.
Investors in Optimeering
Optimeering has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Eidsiva and Hafslund E-CO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Hydroelectric power is produced independently by Hafslund E-CO in Norway. | 1898 | hafslundeco.no | Oslo, Norway | |
Renewable energy, fiber broadband, and district heating are provided. | 2000 | eidsiva.no | Hamar, Norway |
Investor details for Optimeering
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Optimeering
1 people are tracked at Optimeering (1 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Scott Melhop | Chief Technology Officer | Leadership |
Complete people profiles for Optimeering
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Optimeering
2 dated milestones of Optimeering across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Optimeering is founded.
- Funding First funding round.
Competitors of Optimeering
Optimeering has 9 listed competitors in our database, 6 of them funded. They include Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gaia-scope.com | 2019 | Boston, United States | $2.15M | – | Machine learning analytics for power industry forecasting are developed. | |
| energyexemplar.com | 1999 | Adelaide, Australia | – | – | Energy markets are modeled and simulated through specialized software tools. | |
| invenia.ca | 2006 | Winnipeg, Canada | $5M | 27 | Machine learning platform is utilized to optimize utility operations. | |
| myst.ai | 2018 | San Francisco, United States | $8M | – | Business intelligence solutions are offered for energy industries. | |
| cquant.io | 2016 | Louisville, United States | $2.97M | 37 | Quantitative models for energy analytics and risk are provided. | |
| kwantera.com | 2006 | Pittsburgh, United States | $7.16M | 7 | Predictive analytics for Power seller and purchases of the wholesale energy market | |
| tempusenergy.com | 2013 | Worcester, United States | $8.18M | – | Provides demand management solutions by utilizing electricity during off-peak hours for cost-effective rates. | |
| amt-sybex.com | 1990 | Letchworth Garden, United Kingdom | – | 166 | Enterprise software is developed for infrastructure and energy sectors. | |
| expektra.se | 2010 | Stockholm, Sweden | – | – | Demand forecasting solutions are offered for utilities and power trading. |
Detailed competitors of Optimeering
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in SME & Vertical Software
10 companies that operate in the same segment as Optimeering (SME & Vertical Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 1991 | Loughborough, England, United Kingdom | USD 1.49 B | – | 7,356 | |
Consumer intelligence-driven mobile marketing platform is provided for user acquisition. | 2005 | Singapore, Singapore | USD 10 M | USD 288.73 M | 618 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | 2,684 | |
It offers a platform to schedule & manages appointments for beauty services | 2012 | San Francisco, California, United States | USD 168.82 M | – | – | |
Provider of SaaS-driven business management software for beauty salons and fitness centers | 2001 | San Luis Obispo, California, United States | USD 118.01 M | – | – | |
Meetings are scheduled via a cloud-based collaboration platform. | 2013 | Atlanta, Georgia, United States | USD 351.51 M | – | 3,900 | |
Machine learning-based tools are provided for DIY brand design creation. | 2014 | Tel Aviv, Israel | USD 70.6 M | – | – | |
Cloud-based software for visualizing municipal financial data is provided. | 2012 | Redwood City, California, United States | USD 182.12 M | USD 2.39 M | 90 | |
Online trading platforms and investment tools are provided by Samco. | 2015 | Mumbai, Maharashtra, India | USD 19.61 M | – | – |
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Frequently Asked Questions about Optimeering
Optimeering was founded in 2013 and raised its 1st funding round 10 years after it was founded.
Optimeering is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Optimeering has 6 employees.
Annual revenue of Optimeering is $526.96K as on Dec 31, 2022.
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.
Optimeering's top competitors include Energy Exemplar, cQuant and Gaiascope.
Optimeering offers Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast.
Optimeering has 2 investors. Key investors include Eidsiva, and Hafslund E-CO.
Optimeering operates through Optimeering As.