About Powercast
Powercast is a company based in Pittsburgh (United States) founded in 2003.. Powercast has raised $10 million across 1 funding round from investors including Ben Franklin Technology Partners and Innovation Works. Powercast offers products and services including RF Power, SmartInductive, Lifetime Power, RFID Sensor Tags, and Development Kits. Powercast operates in a competitive market with competitors including MRI Software, Landis+Gyr, Ossia, GridPoint and Swell Energy, among others.
- Headquarter Pittsburgh, United States
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Sectors
Transportation, Automotive & LogisticsTechnology Business Services Energy & Utilities Real Estate & Construction
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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 Powercast Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Mar 30, 2007
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Investors
Ben Franklin Technology Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of Powercast
Powercast offers a comprehensive portfolio of products and services, including RF Power, SmartInductive, Lifetime Power, RFID Sensor Tags, and Development Kits. 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.
Enables cordless powering of devices over distances up to 100 feet.
Provides high-power, close-range wireless energy transfer solutions.
Offers wireless, maintenance-free control for long-term applications.
Delivers wireless power for RFID and sensor functionalities.
Supports creation of custom wireless power applications.
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Leadership Team
2 people
Software Development Team
2 people
Senior Team
1 people
Product Management Team
1 people
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Funding Insights of Powercast
Powercast has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in March 2007. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(30 Mar 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2007 | Amount | Series A - Powercast | Valuation |
investors |
| 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 |
Investors in Powercast
Powercast has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ben Franklin Technology Partners and Innovation Works. 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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Investment and support are provided for Pennsylvania's tech-based companies.
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Founded Year | Domain | Location | |
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Software, hardware, and life sciences startups are funded and accelerated.
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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 Powercast
| 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 - Powercast
| 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 |
Powercast Comparisons
Competitors of Powercast
Powercast 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 MRI Software, Landis+Gyr, Ossia, GridPoint and Swell Energy, 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 |
Property management software is provided for residential and commercial properties.
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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 |
Wireless power technology is developed and licensed by Ossia.
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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| domain | founded_year | HQ Location |
Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
Provider of cloud-enabled property automation and access control solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Powercast
Frequently Asked Questions about Powercast
When was Powercast founded?
Powercast was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Where is Powercast located?
Powercast is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is Powercast a funded company?
Powercast is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Mar 30, 2007.
What does Powercast do?
Powercast was founded in 2003 in Pittsburgh, United States, focusing on the wireless power sector. Solutions for RF energy harvesting are provided to support micro-power applications. An embedded wireless power source is offered, converting radio waves into DC power for renewable energy delivery. Receiver modules are designed for battery charging, energy storage devices, and direct power uses in various operations.
Who are the top competitors of Powercast?
Powercast's top competitors include Landis+Gyr, Ossia and MRI Software.
What products or services does Powercast offer?
Powercast offers RF Power, SmartInductive, Lifetime Power, RFID Sensor Tags, and Development Kits.
Who are Powercast's investors?
Powercast has 2 investors. Key investors include Ben Franklin Technology Partners, and Innovation Works.
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