About Pearl Street Technologies
Pearl Street Technologies is an Energy & Utilities company based in Pittsburgh (United States) founded in 2018 by David Bromberg and Hui Zheng, and was acquired by Enverus in March 2025. Grid planning solutions for power systems are provided to utilities. 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. Its chief executive, as recorded, is David Bromberg. Pearl Street Technologies offers products and services including SUGAR™ and Interconnect®. Its focus areas include Energy Tech, Smart Grid, Grid Management and Grid Planning. Its legal entity is Pearl Street Technologies, Inc.
Company details
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.
- Headquarters Pittsburgh, United States
- Employees 13
- Founders David Bromberg, Hui Zheng
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website pearlstreettechnologies.com
- Social LinkedIn
- Acquired by Enverus (Mar 2025)
- Legal Name Pearl Street Technologies, Inc.
Products & Services of Pearl Street Technologies
Pearl Street Technologies offers a comprehensive portfolio of products and services, including SUGAR™ and Interconnect®.
Accelerates grid modeling and studies for transmission providers
Enables scenario analysis for energy project developers
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 $2.82M
- Total Rounds 6
- Last Round Seed — $2.82M
- First Round $224,956
(Jun 2018)
- Investors Count 3
All 6 funding rounds of Pearl Street Technologies 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 |
|---|---|---|---|---|---|
| Mar 2022 | $2.82M | Seed | – | – | – |
| Oct 2021 | $340,000 | Grant | – | – | |
| Apr 2020 | $749,938 | Grant | – | – | |
| Jul 2019 | $199,981 | Grant | – | – | |
| Dec 2018 | $649,945 | Grant | – | – | |
| Jun 2018 | $224,956 | Grant | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
High-risk energy technologies are funded through competitive grants. | arpa-e.energy.gov | Washington, Dc, United States | ||
Venture capital fund backed by the US Government | seedfund.nsf.gov | Alexandria, United States | ||
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States | |
Business intelligence software is delivered for energy and industrial sectors. | 1999 | enverus.com | Austin, United States |
Investor details for Pearl Street Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Pearl Street Technologies
11 people are tracked at Pearl Street Technologies (3 in leadership, 7 in board & advisors, 1 in team); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
David Bromberg | Co-Founder & CEO | Leadership |
Hui Zheng | Co-Founder | Leadership |
Cara Adams | Director, Communications & Marketing | Leadership |
Larry Pileggi | Co-Founder & Chairman | Board & advisors |
Tolga Kurtoglu | Advisor | Board & advisors |
M. Granger Morgan | Advisor | Board & advisors |
Emily Kirsch | Advisor | Board & advisors |
Jay Apt | Advisor | Board & advisors |
Ross Baldick | Advisor | Board & advisors |
Matt Rogers | Advisor | Board & advisors |
Rachel Cooper | Computational Software Engineer | Team |
Complete people profiles for Pearl Street Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Pearl Street Technologies
4 dated milestones of Pearl Street Technologies across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Pearl Street Technologies is founded.
- Funding First funding round of $225K.
- Funding Latest funding round, Seed, of $2.8M.
- Exit Acquired by Enverus.
Web traffic of Pearl Street Technologies
The website of Pearl Street Technologies (pearlstreettechnologies.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 2.1% vs previous month
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Pearl Street Technologies (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Related news about Pearl Street Technologies
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Frequently Asked Questions about Pearl Street Technologies
Pearl Street Technologies was founded in 2018.
Pearl Street Technologies is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
David Bromberg is the CEO of Pearl Street Technologies, as recorded in our data. They have also founded this 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 $224.96K, raised on Jun 2018.
Pearl Street Technologies has 13 employees.
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.
Pearl Street Technologies offers SUGAR™ and Interconnect®.
Pearl Street Technologies has 4 investors. Key investors include Enverus, ARPA-E, America’s Seed Fund, and National Science Foundation.
Pearl Street Technologies operates through Pearl Street Technologies, Inc..
Yes. Pearl Street Technologies was acquired by Enverus in March 2025.