About Verdagy
Verdagy is an Energy & Utilities company based in Moss Landing (United States) founded in 2021 by Ryan Gilliam. Electrolyzers for hydrogen production are supplied by Verdagy. Verdagy has raised $98 million across 3 funding rounds from investors including Shell, Galp and Khosla Ventures. The company has 42 employees. Its chief executive, as recorded, is Marty Neese. Verdagy offers products and services including Dynamic Electrolyzers and Clean Hydrogen Plant. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Hydrogen Generation. Its legal entity is VERDAGY, INC.
Company details
Verdagy was founded in 2021 and is headquartered in Moss Landing, United States. Electrolyzers designed for hydrogen production are provided by the company within the clean energy sector. Operations focus on developing and delivering technology for scalable hydrogen generation. Key personnel include founder Ryan Gilliam and CEO Marty Neese. The companys domain, verdagy.com, supports its activities in this field.
- Headquarters Moss Landing, United States
- Employees 42
- Founders Ryan Gilliam
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website verdagy.com
- Social LinkedIn
- Legal Name Verdagy, Inc.
- Total Equity Funding$98M (USD)
in 3 rounds
- Latest Funding Round$39.6M (USD), Grant
Mar 2024
- InvestorsShell
& 17 more
- Employee Count42
Products & Services of Verdagy
Verdagy offers a comprehensive portfolio of products and services, including Dynamic Electrolyzers and Clean Hydrogen Plant.
Systems for real-time renewable energy matching and low-cost hydrogen generation.
Design for large-scale hydrogen production in industrial settings.
Funding Insights of Verdagy
Verdagy has successfully raised a total of $98M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $39.6 million completed in March 2024. 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 $98M
- Total Rounds 3
- Last Round Grant — $39.6M
- First Round $25M
(Feb 2022)
- Investors Count 18
All 3 funding rounds of Verdagy 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 |
|---|---|---|---|---|---|
| Mar 2024 | $39.6M | Grant | – | – | |
| Aug 2023 | $73M | Series B | – | Temasek, Shell Ventures | |
| Feb 2022 | $25M | Series A | – | TDK Ventures |
18 investors in total: 18 institutional.
Investors in Verdagy
Verdagy has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Galp and Khosla Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Venture capital firm backed by Shell | shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html | The Hague, Netherlands | ||
Bidra is focused on investing in innovative startup companies. | bidra.vc | United States | ||
Investments are directed toward semiconductors, telecommunications, software, and medical sectors. | samsungventures.com | Seoul, South Korea | ||
Venture capital and funds of fund focused on agrotech and greentech sectors | yaragrowthventures.com | Oslo, Norway | ||
ZEON Ventures is involved in unspecified business activities. | zeon.ventures | |||
Venture capital investments are made in innovative startups by TGVP. | tgvp.vc | San Mateo, United States | ||
Early-stage tech startups are invested in globally by TDK Ventures. | tdk-ventures.com | San Jose, United States | ||
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Investments in technology sectors are managed by Tech Ventures. | tech-ventures.com |
Investor details for Verdagy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Verdagy
28 people are tracked at Verdagy (15 in leadership, 1 in board & advisors, 12 in team); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Ryan Gilliam | Founder | Leadership |
Marty Neese | CEO | Leadership |
Shizhao Su | Director Of Electrolyzer Research | Leadership |
Rahul Bammi | President | Leadership |
Marvin Wu | Vice President of Supply Chain | Leadership |
Gaurav Sinha | Chief Commercial Officer | Leadership |
Tom McWaid | CTO | Leadership |
Erik Westling | Sr. Director of Process Engineering | Leadership |
Kevin Cole | Managing Scientist | Leadership |
Tom Albrecht | Director, Research & Development | Leadership |
Diego Martinez | Director Of Engineering | Leadership |
Ramin Motamedi, PhD, PE, PMP | Sr. Director Mechanical Engineering, Sr. Project Manager | Leadership |
Nick Mittica | Vice President Of Business Development | Leadership |
Peter Cousins | COO | Leadership |
Thomas McWaid, PhD | Chief Technology Officer | Leadership |
Rajesh Swaminathan | Director | Board & advisors |
Nicholas Arcelona | Engineering Manager, Design And DFM | Team |
Pooja Gaonkar | Senior Global Supply Chain Manager | Team |
Gal Mariansky | SVP, Process Engineering | Team |
Jeff Olson | Staff Manufacturing/Welding Engineer | Team |
8 more people are available in the full profile.
Complete people profiles for Verdagy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Verdagy
3 dated milestones of Verdagy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Verdagy is founded.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Grant, of $39.6M.
Web traffic of Verdagy
The website of Verdagy (verdagy.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 15.3% vs previous month
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|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
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Related news about Verdagy
Complete news archive for Verdagy
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Frequently Asked Questions about Verdagy
Verdagy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Verdagy is headquartered in Moss Landing, United States. It is registered at Moss Landing, California, United States.
Marty Neese is the CEO of Verdagy, as recorded in our data.
Verdagy is a funded company, having raised a total of $98M across 3 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Feb 2022.
Verdagy has 42 employees.
Verdagy was founded in 2021 and is headquartered in Moss Landing, United States. Electrolyzers designed for hydrogen production are provided by the company within the clean energy sector. Operations focus on developing and delivering technology for scalable hydrogen generation. Key personnel include founder Ryan Gilliam and CEO Marty Neese. The companys domain, verdagy.com, supports its activities in this field.
Verdagy offers Dynamic Electrolyzers and Clean Hydrogen Plant.
Verdagy has 18 investors. Key investors include Shell, Galp, Khosla Ventures, BlueScope, and BHP.
Verdagy operates through Verdagy, Inc..