About Phononic
Phononic is a company based in Durham (United States) founded in 2009 by Tony Atti. It operates as a Product-as-a-Service, and Licensing Model. Phononic has raised $207.9 million across 11 funding rounds from investors including UBS, DOE and Temasek. The company has 109 employees as of December 31, 2022. Phononic offers products and services including Responsive Cooling™, Optical Transceivers Cooling, ACS™ Refrigerator and Freezer Totes, and TTAP HVAC Solution. Phononic operates in a competitive market with competitors including Particle, Signify, Johnson Controls, Landis+Gyr and Span.IO, among others.
- Headquarter Durham, United States
- Employees 109 as on 31 Dec, 2022
- Founders Tony Atti
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$207.9 M (USD)
in 11 rounds
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Latest Funding Round
$50 M (USD), Series F
Jul 21, 2021
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Investors
UBS
& 14 more
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Employee Count
109
as on Dec 31, 2022
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Products & Services of Phononic
Phononic offers a comprehensive portfolio of products and services, including Responsive Cooling™, Optical Transceivers Cooling, ACS™ Refrigerator and Freezer Totes, and TTAP HVAC Solution. 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.
Cooling solutions are provided for data center efficiency.
Cooling technology is offered for optical communication systems.
Cooling totes are designed for e-grocery and pharma.
Demand-based cooling and heating solutions are provided sustainably.
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Funding Insights of Phononic
Phononic has successfully raised a total of $207.9M across 11 strategic funding rounds. The most recent funding activity was a Series F round of $50 million completed in July 2021. 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 11
- Last Round Series F — $50.0M
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First Round
First Round
(01 Jun 2009)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series F - Phononic | Valuation | Goldman Sachs Asset Management |
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| Jun, 2020 | Amount | Debt – Conventional - Phononic | Valuation |
investors |
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| Nov, 2016 | Amount | Series E - Phononic | Valuation | UBS , GGV Capital |
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| 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 Phononic
Phononic has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include UBS, DOE and Temasek. 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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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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A private investment firm is operated for high-net-worth individuals.
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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 |
| 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 Phononic
| 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 - Phononic
| 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 |
Phononic Comparisons
Competitors of Phononic
Phononic 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 Particle, Signify, Johnson Controls, Landis+Gyr and Span.IO, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Phononic
Frequently Asked Questions about Phononic
When was Phononic founded?
Phononic was founded in 2009.
Where is Phononic located?
Phononic is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of Phononic?
Tony Atti is the current CEO of Phononic. They have also founded this company.
Is Phononic a funded company?
Phononic is a funded company, having raised a total of $207.9M across 11 funding rounds to date. The company's 1st funding round was a Series E of $40M, raised on Jun 01, 2009.
How many employees does Phononic have?
As of Dec 31, 2022, the latest employee count at Phononic is 109.
What does Phononic do?
Solid state cooling technology is pioneered by Phononic to address thermal challenges in data centers, optoelectronics, cold chain fulfillment, and HVAC systems. Solutions are provided for AI infrastructure, high-performance computing, and sustainable cooling without toxic refrigerants. The technology is applied across sectors like e-grocery, pharmaceuticals, and telecommunications, enhancing efficiency and reducing energy consumption. Responsive Cooling is designed to improve hardware reliability and performance while supporting scalable applications. A commitment to sustainability is maintained through innovative, refrigerant-free designs.
Who are the top competitors of Phononic?
Phononic's top competitors include Particle, Landis+Gyr and Signify.
What products or services does Phononic offer?
Phononic offers Responsive Cooling™, Optical Transceivers Cooling, ACS™ Refrigerator and Freezer Totes, and TTAP HVAC Solution.
Who are Phononic's investors?
Phononic has 15 investors. Key investors include UBS, DOE, Temasek, Goldman Sachs Asset Management, and Tidewater Investment Company.
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