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
- SectorsBusiness ServicesEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website packetizedenergy.com
- Social LinkedIn X Facebook
- Acquired by EnergyHub (Mar 2022)
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.
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
Funding Insights of Packetized Energy
- Total Rounds 2
- Last Round Grant — $225,000
- First Round $15,000
(May 2017)
- Investors Count 2
All 2 funding rounds of Packetized Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups across sectors are accelerated through structured programs. | – | launchvt.com | Burlington, United States | |
Federal innovation and scientific achievement services are provided. | 1982 | sbir.gov | Lithia Springs, United States | |
Cloud-based software enables demand response for home energy management. | 2007 | energyhub.com | Brooklyn, United States |
Investor details for Packetized Energy
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People of Packetized Energy
37 people are tracked at Packetized Energy (20 in leadership, 17 in team).
| Name | Role | Group |
|---|---|---|
Jeff Frolik | Co-Founder | Leadership |
Mads Almassalkhi | Co-Founder | Leadership |
Paul Hines | Co-Founder & CEO | Leadership |
Nicholas Papanastassiou | Director Of Market Development | Leadership |
Chris Ashley | VP, Utility Sales | Leadership |
Erika Diamond | SVP, Head of Customer Solutions | Leadership |
Seth Frader-Thompson | President | Leadership |
Josh Masson | Director of Support Operations | Leadership |
Devan Bratton | Chief of Staff | Leadership |
Sanjay Pai | Regional Director, Sales | Leadership |
Perry Leung | Partner Solutions Senior Manager, Business Development | Leadership |
Bonnie Pratt | Associate Director Of Energy Projects, Client Success Team Lead | Leadership |
Zygmunt Strawczynski | Director International Business Development | Leadership |
Ella Wynn | Partner Operations Associate | Leadership |
Sonja Salo | Commercial Director, Kapacity.io | Leadership |
Kipling Haviland-Hack | Senior Manager, Partner Solutions | Leadership |
Nick Bengtson | Regional Director - Utility Sales | Leadership |
Jessie Guest | Client Success Director, West & South Regions | Leadership |
Matt Johnson | VP, Business Development | Leadership |
Maya Shabbir | Technical Partner Operations Manager | Leadership |
17 more people are available in the full profile.
Complete people profiles for Packetized Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Packetized Energy
4 dated milestones of Packetized Energy across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Packetized Energy is founded.
- Funding First funding round of $15K.
- Funding Latest funding round, Grant, of $225K.
- Exit Acquired by EnergyHub.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecobee.com | 2007 | Toronto, Canada | $151.52M | – | Provider of smart thermostats for commercial and residential applications | |
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| savant.com | 2005 | Barnstable, United States | $90M | 168 | Connected devices are managed via an app and hub system. | |
| tibber.com | 2016 | Stockholm, Sweden | $177M | 61 | Provider of solutions for energy monitoring for residential building | |
| tado.com | 2011 | Munich, Germany | $245.02M | 201 | IoT and SaaS solutions for building energy management are provided. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| eneco.nl | 1995 | Rotterdam, Netherlands | – | – | Producer and supplier of natural gas, electricity, and heat | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. | |
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices |
Detailed competitors of Packetized Energy
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Latest news on Packetized Energy
Complete news archive for Packetized Energy
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- Brand-specific news history
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Similar companies to Packetized Energy
10 companies that operate in the same segment as Packetized Energy (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 56 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Frequently Asked Questions about Packetized Energy
Packetized Energy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Packetized Energy is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Paul Hines is the current CEO of Packetized Energy. They have also founded this company.
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.
Packetized Energy offers Edge DERMS Platform, VPP Services, and Program Design and Management.
Yes. Packetized Energy was acquired by EnergyHub in March 2022.