About Powerit Solutions
Powerit Solutions is a company based in Seattle (United States) founded in 2006 was acquired by Customized Energy Solutions in January 2016. Powerit Solutions has raised $26.19 million across 5 funding rounds from investors including ArcelorMittal, Black Coral Capital and Ventures. The company has 22 employees as of December 31, 2014. Powerit Solutions operates in a competitive market with competitors including Enel X, Particle, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Seattle, United States
- Employees 22 as on 31 Dec, 2014
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Sectors
Business ServicesEnergy & Utilities Technology
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Phone
Locked
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Website
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Social
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- Legal Name Powerit Solutions Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$26.19 M (USD)
in 5 rounds
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Latest Funding Round
$1 M (USD), Series C
May 11, 2014
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Investors
ArcelorMittal
& 6 more
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Employee Count
22
as on Dec 31, 2014
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Acquired by
Customized Energy Solutions
(Jan 21, 2016)
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Funding Insights of Powerit Solutions
Powerit Solutions has successfully raised a total of $26.19M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $1 million completed in May 2014. 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.
Investors in Powerit Solutions
Powerit Solutions has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include ArcelorMittal, Black Coral Capital and Ventures.
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Black Coral Capital is focused on cleantech market investments.
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Investor details for Powerit Solutions
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Investments & Acquisitions by Powerit Solutions
Investment portfolio details for Powerit Solutions
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Financial Statements - Powerit Solutions
Detailed financials for Powerit Solutions
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Powerit Solutions Comparisons
Peer comparison for Powerit Solutions
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Competitors of Powerit Solutions
Powerit Solutions 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 Enel X, Particle, Signify, Landis+Gyr and Span.IO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Utility-scale renewable energy projects are developed by Enel X.
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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End-to-end energy management solutions are provided for utilities worldwide.
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Smart panels for home energy management are provided by Span.IO.
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Energy efficiency and smart grid management solutions
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Detailed competitors of Powerit Solutions
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Latest news on Powerit Solutions
Complete news archive for Powerit Solutions
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Frequently Asked Questions about Powerit Solutions
Powerit Solutions was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Powerit Solutions is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Powerit Solutions is a funded company, having raised a total of $26.19M across 5 funding rounds to date.
As of Dec 31, 2014, the latest employee count at Powerit Solutions is 22.
Powerit solutions provides web interface platform to connect Utility, Distributions with customer for demand management. Their products include Spara DM ,that makes adjustment for demand reduction in connected loads, Spara Hub which send the data into cloud which can be accessed at remote location, Spara Demand Diagnostics, an analytical tool that allows its partners and customers to determine potential demand management savings.
Powerit Solutions's top competitors include Enel X, Particle and Landis+Gyr.
Powerit Solutions has 7 investors. Key investors include ArcelorMittal, Black Coral Capital, Ventures, Expansion Capital Partners, and Next47.