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 |
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.
| 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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Seed and early-stage investments in technology sectors are targeted.
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Venture capital investments are made in deep tech innovations.
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Founded Year | Domain | Location |
Investments & Acquisitions by Picogrid
Financial Statements - Picogrid
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.
| 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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Frequently Asked Questions about Picogrid
Picogrid was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Picogrid is headquartered in Hawthorne, United States. It is registered at Hawthorne, California, United States.
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.
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.
Picogrid's top competitors include DroneDeploy, Near Space Labs and 3D Robotics.
Picogrid has 7 investors. Key investors include Initialized Capital, Credo Ventures, Giant Step Capital, DOMiNO Ventures, and Alumni Ventures.