About Packetized Energy
Packetized Energy is a company based in Burlington (United States) founded in 2016 by Jeff Frolik, Mads Almassalkhi, and Paul Hines was acquired by EnergyHub in March 2022.. Packetized Energy offers products and services including Edge DERMS Platform, VPP Services, and Program Design and Management. Packetized Energy operates in a competitive market with competitors including ecobee, MRI Software, Savant Systems, Tibber and tado°, among others.
- Headquarter Burlington, United States
- Founders Jeff Frolik, Mads Almassalkhi, Paul Hines
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
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Phone
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Website
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Social
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Products & Services of Packetized Energy
Packetized Energy offers a comprehensive portfolio of products and services, including Edge DERMS Platform, VPP Services, and Program Design and Management. 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.
Platform for orchestrating distributed energy resources and grid flexibility
Services to build and manage virtual power plants for load shaping
Tools for designing and marketing energy programs effectively
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Funding Insights of Packetized Energy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $225,000
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First Round
First Round
(15 May 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2017 | Amount | Grant - Packetized Energy | Valuation |
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| May, 2017 | Amount | Grant - Packetized Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Packetized Energy
Packetized Energy has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include EnergyHub, SBIR and LaunchVT. 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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Startups across sectors are accelerated through structured programs.
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Federal innovation and scientific achievement services are provided.
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Cloud-based software enables demand response for home energy management.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Packetized Energy
| 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 - Packetized Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Packetized Energy Comparisons
Competitors of Packetized Energy
Packetized Energy 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 ecobee, MRI Software, Savant Systems, Tibber and tado°, 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 |
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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Property management software is provided for residential and commercial properties.
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Connected devices are managed via an app and hub system.
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Provider of solutions for energy monitoring for residential building
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IoT and SaaS solutions for building energy management are provided.
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Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Packetized Energy
When was Packetized Energy founded?
Packetized Energy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Packetized Energy located?
Packetized Energy is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Packetized Energy?
Paul Hines is the current CEO of Packetized Energy. They have also founded this company.
What does Packetized Energy do?
Packetized Energy was founded in 2016 and is headquartered in Burlington, United States. Operations focus on the energy sector, where a platform is utilized to aggregate devices such as water heaters, HVAC systems, electric vehicle chargers, solar inverters, and distributed batteries. These are transformed into dispatchable and flexible grid resources to support energy management.
Who are the top competitors of Packetized Energy?
What products or services does Packetized Energy offer?
Packetized Energy offers Edge DERMS Platform, VPP Services, and Program Design and Management.
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