About Picogrid
Picogrid is a company based in Hawthorne (United States) founded in 2020.. Picogrid has raised $12.32 million across 2 funding rounds from investors including Initialized Capital, Credo Ventures and Giant Step Capital. Picogrid operates in a competitive market with competitors including DroneDeploy, 3D Robotics, World View, Emesent and Near Space Labs, among others.
- Headquarter Hawthorne, United States
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Sectors
TechnologyAerospace, Defense & Maritime
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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
$12.32 M (USD)
in 2 rounds
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Latest Funding Round
$12.32 M (USD), Seed
Jan 10, 2024
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Investors
Initialized Capital
& 6 more
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Employee Count
Employee Count
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Funding Insights of Picogrid
Picogrid has successfully raised a total of $12.32M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $12.32 million completed in January 2024. 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 2
- Last Round Seed — $12.3M
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First Round
First Round
(10 Jul 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Picogrid | Valuation | Initialized Capital | |
| Jul, 2023 | Amount | Grant - Picogrid | 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 |
investors |
Investors in Picogrid
Picogrid has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Initialized Capital, Credo Ventures and Giant Step Capital. 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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Seed and early-stage technology investments are managed by the firm.
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Founded Year | Domain | Location | |
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Seed and early-stage investments in technology sectors are targeted.
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Founded Year | Domain | Location | |
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Venture capital investments are made in deep tech innovations.
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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 Picogrid
| 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 - Picogrid
| 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 |
Picogrid Comparisons
Competitors of Picogrid
Picogrid 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 DroneDeploy, 3D Robotics, World View, Emesent and Near Space Labs, 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 |
Cloud software platform for commercial drones is provided.
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| domain | founded_year | HQ Location |
Consumer and commercial drones with autopilot systems are developed.
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| domain | founded_year | HQ Location |
High-altitude balloons are used for space imagery and data analysis.
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| domain | founded_year | HQ Location |
Provider of aerial-based earth imaging and mapping solutions
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| domain | founded_year | HQ Location |
Balloon-based imaging services are provided for project monitoring.
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| domain | founded_year | HQ Location |
Field-to-plan surveying processes are enabled through image processing technology.
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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 Picogrid
Frequently Asked Questions about Picogrid
When was Picogrid founded?
Picogrid was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Picogrid located?
Picogrid is headquartered in Hawthorne, United States. It is registered at Hawthorne, California, United States.
Is Picogrid a funded company?
Picogrid is a funded company, having raised a total of $12.32M across 2 funding rounds to date. The company's 1st funding round was a Grant of $1.29M, raised on Jul 10, 2023.
What does Picogrid do?
Picogrid was founded in 2020 and is based in Hawthorne, United States. Operations focus on the development of monitoring systems that integrate artificial intelligence for surveillance over large areas. These systems are applied in sectors including critical infrastructure protection, defense applications, and wildfire prevention efforts. Services encompass real-time data analysis and alert mechanisms tailored to environmental and security needs.
Who are the top competitors of Picogrid?
Picogrid's top competitors include DroneDeploy, Near Space Labs and 3D Robotics.
Who are Picogrid's investors?
Picogrid has 7 investors. Key investors include Initialized Capital, Credo Ventures, Giant Step Capital, DOMiNO Ventures, and Alumni Ventures.
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