About Packet Digital
Packet Digital is a company based in Fargo (United States) founded in 2003.. 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 as of December 31, 2022. Packet Digital offers products and services including Smart Batteries, Smart Chargers, Fleet Management Software, and Maximum Power Point Tracker. Packet Digital operates in a competitive market with competitors including Zitara, Dukosi, Element Energy, Brill Power and Qnovo, among others.
- Headquarter Fargo, United States
- Employees 21 as on 31 Dec, 2022
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Sectors
Energy & UtilitiesTechnology Aerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Packet Digital, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.69 M (USD)
in 9 rounds
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Latest Funding Round
$9.69 M (USD), Series B
Apr 26, 2018
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Investors
State of North Dakota
& 2 more
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Employee Count
21
as on Dec 31, 2022
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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. 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.
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.
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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 Total Funding
- Total Rounds 9
- Last Round Series B — $9.7M
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First Round
First Round
(05 Apr 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series B - Packet Digital | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - Packet Digital | Valuation |
investors |
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| Sep, 2014 | Amount | Grant - Packet Digital | Valuation |
investors |
| 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 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. 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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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Government information and state agencies are provided for North Dakota.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Packet Digital
| 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 - Packet Digital
| 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 |
Packet Digital Comparisons
Competitors of Packet Digital
Packet Digital 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 Zitara, Dukosi, Element Energy, Brill Power and Qnovo, 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 |
Cloud-based and embedded battery management software is provided for optimization.
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| domain | founded_year | HQ Location |
Designs smart energy storage systems
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| domain | founded_year | HQ Location |
Cost-effective battery management systems for lithium packs are developed.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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| domain | founded_year | HQ Location |
Battery management software is developed for e-mobility applications.
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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 Packet Digital
Frequently Asked Questions about Packet Digital
When was Packet Digital founded?
Packet Digital was founded in 2003 and raised its 1st funding round 7 years after it was founded.
Where is Packet Digital located?
Packet Digital is headquartered in Fargo, United States. It is registered at Fargo, North Dakota, United States.
Is Packet Digital a funded company?
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 Grant of $500K, raised on Apr 05, 2010.
How many employees does Packet Digital have?
As of Dec 31, 2022, the latest employee count at Packet Digital is 21.
What does Packet Digital do?
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.
Who are the top competitors of Packet Digital?
Packet Digital's top competitors include Zitara, Dreamfly Innovations and Brill Power.
What products or services does Packet Digital offer?
Packet Digital offers Smart Batteries, Smart Chargers, Fleet Management Software, and Maximum Power Point Tracker.
Who are Packet Digital's investors?
Packet Digital has 3 investors. Key investors include State of North Dakota, DOE, and National Science Foundation.
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