About Packet Digital
Packet Digital is an Energy & Utilities company based in Fargo (United States) founded in 2003. Batteries for unmanned aerial vehicles are developed and patented. It operates in the Energy & Utilities, Technology, and Aerospace, Defense & Maritime sectors. Packet Digital has raised $11.69 million across 9 funding rounds from investors including State of North Dakota, DOE and National Science Foundation. The company has 21 employees. Packet Digital offers products and services including Smart Batteries, Smart Chargers, Fleet Management Software, and Maximum Power Point Tracker. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Battery Management System. Its legal entity is PACKET DIGITAL, LLC. Its competitors include Zitara, Element Energy and Qnovo; 3 of its 3 listed competitors have raised funding.
Company details
Packet Digital was founded in 2003 in Fargo, United States, and operates in the aerospace and electronics sectors. On-demand power technology and circuits are developed to extend battery life in portable devices and reduce power consumption in embedded systems. Engineering services, unmanned aerial system design, solar solutions, and precision agriculture services are also provided to support various applications.
- Headquarters Fargo, United States
- Employees 21
- SectorsEnergy & UtilitiesTechnology Aerospace, Defense & Maritime
- Website packetdigital.com
- Social LinkedIn X Facebook
- Legal Name Packet Digital, Llc
- Total Equity Funding$11.69M (USD)
in 9 rounds
- Latest Funding Round$9.69M (USD), Series B
Apr 2018
- InvestorsState of North Dakota
& 2 more
- Employee Count21
Products & Services of Packet Digital
Packet Digital offers a comprehensive portfolio of products and services, including Smart Batteries, Smart Chargers, Fleet Management Software, and Maximum Power Point Tracker.
Batteries with real-time monitoring for safe UAS operations.
Devices for efficient and safe battery charging.
System for monitoring and managing battery performance.
Tool to optimize energy output in power systems.
Funding Insights of Packet Digital
Packet Digital has successfully raised a total of $11.69M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $9.69 million completed in April 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 $11.69M
- Total Rounds 9
- Last Round Series B — $9.69M
- First Round $2M
(Apr 2010)
- Investors Count 3
All 9 funding rounds of Packet Digital 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 |
|---|---|---|---|---|---|
| Apr 2018 | $9.69M | Series B | – | – | – |
| Jun 2016 | $148,394 | Grant | – | – | |
| Sep 2014 | $500,000 | Grant | – | – | |
| Jun 2014 | $179,999 | Grant | – | – | |
| Jan 2014 | $179,999 | Grant | – | – | |
| May 2013 | $170,160 | Grant | – | – | |
| Jan 2013 | $170,160 | Grant | – | – | |
| Jun 2010 | $949,997 | Grant | – | – | |
| Apr 2010 | $2M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Packet Digital
Packet Digital has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include State of North Dakota, DOE and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Government information and state agencies are provided for North Dakota. | nd.gov | United States | ||
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States |
Investor details for Packet Digital
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
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People of Packet Digital
14 people are tracked at Packet Digital (4 in leadership, 3 in board & advisors, 7 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Andrew Paulsen | CTO | Leadership |
Terri Zimmerman | CEO | Leadership |
Matthew Steele | Director of Operations | Leadership |
Tan Nguyen | Technical Project Director | Leadership |
Pat Sweeney | Director | Board & advisors |
John Cook | Director | Board & advisors |
Jeff Jonson | Director | Board & advisors |
Isaac Gilchrist | Hardware Design Engineer | Team |
Joe Weinberg | Lead Hardware Engineer | Team |
Mitchell Monaghan | Software Team Lead | Team |
Ben Wolbaum | Lead Mechanical Engineer | Team |
Dillon Stangeland | Mechanical Engineer | Team |
Paul Klapperich | Software Development Team Lead | Team |
Ryan Jensen | Embedded Software Engineer | Team |
Complete people profiles for Packet Digital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Packet Digital
3 dated milestones of Packet Digital across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Packet Digital is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $9.7M.
Competitors of Packet Digital
Packet Digital has 3 listed competitors in our database, 3 of them funded. They include Zitara, Element Energy and Qnovo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zitara.com | 2019 | San Francisco, United States | $29M | 37 | Cloud-based and embedded battery management software is provided for optimization. | |
| elementenergy.com | 2009 | Los Altos, United States | $101M | Cost-effective battery management systems for lithium packs are developed. | ||
| qnovo.com | 2009 | Milpitas, United States | $32.6M | 20 | Battery management software is developed for e-mobility applications. |
Detailed competitors of Packet Digital
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Packet Digital
The website of Packet Digital (packetdigital.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▲ 92.2% vs previous month
Websites whose visitors overlap most with Packet Digital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fargojet.com | 100% | 4.2K | #4,486,025 | View details |
Top companies in Energy Storage Systems
3 companies that operate in the same segment as Packet Digital (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Packet Digital
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Frequently Asked Questions about Packet Digital
Packet Digital was founded in 2003 and raised its 1st funding round 7 years after it was founded.
Packet Digital is headquartered in Fargo, United States. It is registered at Fargo, North Dakota, United States.
Packet Digital is a funded company, having raised a total of $11.69M across 9 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Apr 2010.
Packet Digital has 21 employees.
Packet Digital was founded in 2003 in Fargo, United States, and operates in the aerospace and electronics sectors. On-demand power technology and circuits are developed to extend battery life in portable devices and reduce power consumption in embedded systems. Engineering services, unmanned aerial system design, solar solutions, and precision agriculture services are also provided to support various applications.
Packet Digital's top competitors include Zitara, Qnovo and Element Energy.
Packet Digital offers Smart Batteries, Smart Chargers, Fleet Management Software, and Maximum Power Point Tracker.
Packet Digital has 3 investors. Key investors include State of North Dakota, DOE, and National Science Foundation.
Packet Digital operates through Packet Digital, Llc.