About SparkMeter
SparkMeter is a company based in Washington (United States) founded in 2013 by Nai Phasay, Allison Archambault, and Daniel Schnitzer. SparkMeter has raised $41.58 million across 7 funding rounds from investors including Honeywell, Accurant International and Breakthrough Energy. The company has 14 employees as of December 31, 2022. SparkMeter offers products and services including GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform. SparkMeter operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Washington, United States
- Employees 14 as on 31 Dec, 2022
- Founders Nai Phasay, Allison Archambault, Daniel Schnitzer
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Sectors
Business ServicesEnergy & Utilities
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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 Sparkmeter, Inc
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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
$41.58 M (USD)
in 7 rounds
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Latest Funding Round
$5 M (USD), Series A
Nov 30, 2023
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Investors
Honeywell
& 8 more
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Employee Count
14
as on Dec 31, 2022
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Products & Services of SparkMeter
SparkMeter offers a comprehensive portfolio of products and services, including GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform.
Provides visibility into utility distribution systems for operational insights.
Helps utilities manage grid financial outcomes and audit bills.
Offers integrated solutions for billing, payments, and customer management.
Delivers cost-effective metering hardware with mesh network capabilities.
Enables data integration for utility insights and decision-making processes.
People of SparkMeter
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Funding Insights of SparkMeter
SparkMeter has successfully raised a total of $41.58M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in November 2023. 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 SparkMeter
SparkMeter has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Honeywell, Accurant International and Breakthrough Energy.
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Private equity firm focused on utility industry, renewable energy technology, industrial energy management, and renewable storage
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Climate solutions are advanced via venture capital and startup acceleration.
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Investor details for SparkMeter
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Investments & Acquisitions by SparkMeter
Investment portfolio details for SparkMeter
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Financial Statements - SparkMeter
Detailed financials for SparkMeter
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- Profit trends
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Sparkmeter Comparisons
Peer comparison for SparkMeter
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Competitors of SparkMeter
SparkMeter 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, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
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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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Automotive lighting equipment is manufactured by Osram in Germany.
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Detailed competitors of SparkMeter
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Latest news on Sparkmeter
Complete news archive for SparkMeter
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Frequently Asked Questions about SparkMeter
SparkMeter was founded in 2013 and raised its 1st funding round 1 year after it was founded.
SparkMeter is headquartered in Washington, United States. It is registered at Washington, District Of Columbia, United States.
Daniel Schnitzer is the current CEO of SparkMeter. They have also founded this company.
SparkMeter is a funded company, having raised a total of $41.58M across 7 funding rounds to date.
As of Dec 31, 2022, the latest employee count at SparkMeter is 14.
SparkMeter was founded in 2013 as a provider of cloud-based digital meters focused on electricity consumption in developing countries. Smart meters are supplied to utilities serving low-income customers, enabling pre-payment options and real-time monitoring of microgrids and central grids. Product lines include single-phase DIN-rail meters, three-phase IEC meters, customer interface units such as SM200E and SM16R, and associated cloud software for data management.
SparkMeter's top competitors include Particle, Landis+Gyr and Signify.
SparkMeter offers GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform.
SparkMeter has 9 investors. Key investors include Honeywell, Accurant International, Breakthrough Energy, Clean Energy Ventures, and Climate Capital.