About Solar Power Technologies
Solar Power Technologies was an Energy & Utilities company based in Austin (United States) founded in 2009 by Jeff Williams, and was acquired by Draker in May 2012. It provides power optimization and monitoring solutions for solar energy systems. It operates on a B2B model. Solar Power Technologies has raised $6.08 million across 1 funding round from investors including Draker, Austin Ventures and Oxantium Ventures. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Solar Power and Optimization Solutions. Its competitors include Raptor Maps and SenseHawk; 2 of its 2 listed competitors have raised funding.
Company details
Solar Power Technologies, established in 2009, excels in working in the energy sector, promoting renewable energy, solar power, and optimization solutions. Provides power optimization and monitoring solutions for solar energy systems. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Austin, United States
- Founders Jeff Williams
- Stage Acquired
- SectorsEnergy & Utilities
- Website spowertech.com
- Acquired by Draker (May 2012)
Funding Insights of Solar Power Technologies
Solar Power Technologies has successfully raised a total of $6.08M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.08 million completed in January 2011. 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 $6.08M
- Total Rounds 1
- Last Round Series A — $6.08M
- First Round $6.08M
(Jan 2011)
- Investors Count 2
All 1 funding rounds of Solar Power Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2011 | $6.08M | Series A | – | Austin Ventures, Oxantium Ventures | – |
3 investors in total: 3 institutional.
Investors in Solar Power Technologies
Solar Power Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Draker, Austin Ventures and Oxantium Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in Texas-based companies. | austinventures.com | |||
| oxantiumventures.com | ||||
Solar performance monitoring for commercial and utility systems is offered. | 1999 | drakerenergy.com | Burlington, United States |
Investor details for Solar Power Technologies
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People of Solar Power Technologies
1 people are tracked at Solar Power Technologies (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jeff Williams | Founder | Leadership |
Complete people profiles for Solar Power Technologies
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Timeline of Solar Power Technologies
3 dated milestones of Solar Power Technologies across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Solar Power Technologies is founded.
- Funding First funding round of $6.1M.
- Exit Acquired by Draker.
Competitors of Solar Power Technologies
Solar Power Technologies has 2 listed competitors in our database, 2 of them funded. They include Raptor Maps and SenseHawk.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| raptormaps.com | 2015 | Cambridge, United States | $62.5M | 64 | Drone-based monitoring and inspection services for solar panels are provided. | |
| sensehawk.com | 2016 | Campbell, United States | $7.45M | A unified platform for solar project lifecycle management is offered. |
Detailed competitors of Solar Power Technologies
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Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Solar Power Technologies (Energy Efficiency Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Frequently Asked Questions about Solar Power Technologies
Solar Power Technologies was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Solar Power Technologies is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Solar Power Technologies is a funded company, having raised a total of $6.08M across 1 funding round to date. The company's 1st funding round was a Series A of $6.08M, raised on Jan 2011.
Solar Power Technologies, established in 2009, excels in working in the energy sector, promoting renewable energy, solar power, and optimization solutions. Provides power optimization and monitoring solutions for solar energy systems. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Solar Power Technologies's top competitors include Raptor Maps and SenseHawk.
Solar Power Technologies has 3 investors. Key investors include Draker, Austin Ventures, and Oxantium Ventures.
Yes. Solar Power Technologies was acquired by Draker in May 2012.