About PowerSecure
PowerSecure is a company based in Wake Forest (United States) founded in 1991 was acquired by Southern in February 2016.. PowerSecure has completed 2 acquisitions, including Power Pro-Tech and Solais Lighting. PowerSecure offers products and services including Microgrids, Energy Efficiency Services, and PowerControl Monitoring. PowerSecure operates in a competitive market with competitors including Particle, Landis+Gyr, Span.IO, AwoX and Resideo, among others.
- Headquarter Wake Forest, United States
- Stage Public
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Sectors
Business ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Powersecure, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$40 M (USD), Grant
Sep 10, 2015
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Investors
Citi
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Power Pro-Tech
& 1 more
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Acquired by
Southern
(Feb 24, 2016)
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Products & Services of PowerSecure
PowerSecure offers a comprehensive portfolio of products and services, including Microgrids, Energy Efficiency Services, and PowerControl Monitoring. 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.
Delivers reliable power systems for resilience against outages.
Implements projects to reduce costs and enhance sustainability.
Offers 24/7 oversight of energy resources for optimal performance.
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Software Development Team
25 people
Leadership Team
10 people
Sales and Marketing
10 people
Field Team
9 people
Product Management Team
7 people
Operations Team
7 people
Finance and Accounting
5 people
Legal and Compliance
4 people
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Funding Insights of PowerSecure
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $40.0M
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First Round
First Round
(20 Jun 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Grant - PowerSecure | Valuation |
investors |
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| Jun, 2013 | Amount | Debt – Conventional - PowerSecure | 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 PowerSecure
PowerSecure has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Citi, Southern Company and BB&T. 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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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Energy utilities, natural gas, and communications technology are provided.
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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 PowerSecure
PowerSecure has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Power Pro-Tech and Solais Lighting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of smart LED lighting products
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2008 | ||||
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Distributed power solutions are provided for energy needs since 2002.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PowerSecure
| 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 |
Powersecure Comparisons
Competitors of PowerSecure
PowerSecure 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, Landis+Gyr, Span.IO, AwoX and Resideo, 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 |
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 |
Wifi-enabled smart home appliances are provided by AwoX.
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| domain | founded_year | HQ Location |
Smart home products for security and energy efficiency are provided.
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| domain | founded_year | HQ Location |
Energy efficiency programs are designed for utilities and municipalities.
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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 Powersecure
Frequently Asked Questions about PowerSecure
When was PowerSecure founded?
PowerSecure was founded in 1991 and raised its 1st funding round 22 years after it was founded.
Where is PowerSecure located?
PowerSecure is headquartered in Wake Forest, United States. It is registered at Wake Forest, North Carolina, United States.
What does PowerSecure do?
Founded in 1991 and based in Wake Forest, United States, PowerSecure operates in the energy sector. Solutions for energy efficiency and smart grid management are supplied to electric utilities, institutional, and commercial customers. Services encompass interactive distributed generation, utility infrastructure, and solar energy. Energy-efficient lighting using LED technologies is included, along with design, installation, and maintenance for conservation efforts.
Who are the top competitors of PowerSecure?
PowerSecure's top competitors include Particle, Landis+Gyr and Span.IO.
What products or services does PowerSecure offer?
PowerSecure offers Microgrids, Energy Efficiency Services, and PowerControl Monitoring.
How many acquisitions has PowerSecure made?
PowerSecure has made 2 acquisitions, including Power Pro-Tech, and Solais Lighting.
Who are PowerSecure's investors?
PowerSecure has 3 investors. Key investors include Citi, Southern Company, and BB&T.
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