About Pearl Street Technologies
Pearl Street Technologies is a company based in Pittsburgh (United States) founded in 2018 by David Bromberg and Hui Zheng was acquired by Enverus in March 2025.. Pearl Street Technologies has raised $2.82 million across 6 funding rounds from investors including Enverus, ARPA-E and America’s Seed Fund. The company has 13 employees as of December 31, 2022. Pearl Street Technologies offers products and services including SUGAR™ and Interconnect®. Pearl Street Technologies operates in a competitive market with competitors including Sympheny, Grid Discovery, Retroflow, GridPath and eGo, among others.
- Headquarter Pittsburgh, United States
- Employees 13 as on 31 Dec, 2022
- Founders David Bromberg, Hui Zheng
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Pearl Street Technologies, Inc.
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Products & Services of Pearl Street Technologies
Pearl Street Technologies offers a comprehensive portfolio of products and services, including SUGAR™ and Interconnect®. 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.
Accelerates grid modeling and studies for transmission providers
Enables scenario analysis for energy project developers
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Funding Insights of Pearl Street Technologies
Pearl Street Technologies has successfully raised a total of $2.82M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2.82 million completed in March 2022. 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 6
- Last Round Seed — $2.8M
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First Round
First Round
(15 Jun 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Seed - Pearl Street Technologies | Valuation |
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| Oct, 2021 | Amount | Grant - Pearl Street Technologies | Valuation |
investors |
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| Apr, 2020 | Amount | Grant - Pearl Street Technologies | 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 |
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Investors in Pearl Street Technologies
Pearl Street Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Enverus, ARPA-E and America’s Seed Fund. 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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High-risk energy technologies are funded through competitive grants.
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Venture capital fund backed by the US Government
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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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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 Pearl Street Technologies
| 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 - Pearl Street Technologies
| 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 |
investors |
Pearl Street Technologies Comparisons
Competitors of Pearl Street Technologies
Pearl Street Technologies 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 Sympheny, Grid Discovery, Retroflow, GridPath and eGo, 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 |
Software provider for optimal energy supply solution
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Software platform for planning microgrid projects
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| domain | founded_year | HQ Location |
Planning and modelling of grid networks
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| domain | founded_year | HQ Location |
Open-source platform for grid analytics, capacity expansion, and energy planning.
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| domain | founded_year | HQ Location |
Delivers comprehensive grid planning tools for utilities and energy sectors.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pearl Street Technologies
Frequently Asked Questions about Pearl Street Technologies
When was Pearl Street Technologies founded?
Pearl Street Technologies was founded in 2018.
Where is Pearl Street Technologies located?
Pearl Street Technologies is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Pearl Street Technologies?
David Bromberg is the current CEO of Pearl Street Technologies. They have also founded this company.
Is Pearl Street Technologies a funded company?
Pearl Street Technologies is a funded company, having raised a total of $2.82M across 6 funding rounds to date. The company's 1st funding round was a Grant of $749.94K, raised on Jun 15, 2018.
How many employees does Pearl Street Technologies have?
As of Dec 31, 2022, the latest employee count at Pearl Street Technologies is 13.
What does Pearl Street Technologies do?
Pearl Street Technologies was founded in 2018 in Pittsburgh, United States, by David Bromberg and Hui Zheng, with Bromberg serving as CEO. Grid planning solutions are offered by the company within the energy sector. Operations are centered on developing software and tools for optimizing electrical grids and supporting utility infrastructure. Services address planning needs for power distribution and reliability across North America.
Who are the top competitors of Pearl Street Technologies?
Pearl Street Technologies's top competitors include Sympheny, Retroflow and Grid Discovery.
What products or services does Pearl Street Technologies offer?
Pearl Street Technologies offers SUGAR™ and Interconnect®.
Who are Pearl Street Technologies's investors?
Pearl Street Technologies has 4 investors. Key investors include Enverus, ARPA-E, America’s Seed Fund, and National Science Foundation.