About Westinghouse
Westinghouse is a company based in Pittsburgh (United States) founded in 1886 was acquired by Brookfield Asset Management in January 2018. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Westinghouse has raised $1.1 million across 3 funding rounds from investors including Gov.uk, Cameco and Brookfield Asset Management. Westinghouse has completed 2 acquisitions, including BHI Energy and NA Engineering Associates. Westinghouse offers products and services including Portable Generators, Nuclear Energy Systems, Smart Xumo TVs, and Small Kitchen Appliances.
- Headquarter Pittsburgh, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Westinghouse Electric Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 3 rounds
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Latest Funding Round
$16.02 M (USD), Grant
Dec 14, 2022
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Investors
Gov.uk
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
BHI Energy
& 1 more
- Acquired by
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Products & Services of Westinghouse
Westinghouse offers a comprehensive portfolio of products and services, including Portable Generators, Nuclear Energy Systems, Smart Xumo TVs, and Small Kitchen Appliances. 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.
Portable generators are provided for outdoor power needs.
Nuclear energy systems are offered for power generation.
Smart Xumo TVs are designed for enhanced entertainment.
Small kitchen appliances are made for daily use.
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Leadership Team
67 people
Software Development Team
65 people
Operations Team
37 people
Human Resources and Administration
19 people
Product Management Team
19 people
Finance and Accounting
17 people
Senior Team
16 people
Sales and Marketing
16 people
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Funding Insights of Westinghouse
Westinghouse has successfully raised a total of $1.1M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $16.02 million completed in December 2022. 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 Total Funding
- Total Rounds 3
- Last Round Grant — $16.0M
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First Round
First Round
(23 Aug 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Grant - Westinghouse | Valuation |
investors |
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| Sep, 2020 | Amount | Grant - Westinghouse | Valuation |
investors |
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| Aug, 2017 | Amount | Private Equity Round - Westinghouse | Valuation |
investors |
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| 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 Westinghouse
Westinghouse has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Cameco and Brookfield Asset Management. 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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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Westinghouse
Westinghouse has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BHI Energy and NA Engineering Associates. 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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Provider of building design services
|
1994 | ||||
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Renewable energy and oil & gas projects are developed.
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1979 |
| 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 - Westinghouse
| 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 |
Westinghouse Comparisons
Competitors of Westinghouse
| 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 Westinghouse
Frequently Asked Questions about Westinghouse
When was Westinghouse founded?
Westinghouse was founded in 1886 and raised its 1st funding round 131 years after it was founded.
Where is Westinghouse located?
Westinghouse is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Westinghouse?
Patrick Fragman is the current CEO of Westinghouse.
Is Westinghouse a funded company?
Westinghouse is a funded company, having raised a total of $1.1M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $1.1M, raised on Aug 23, 2017.
What does Westinghouse do?
Westinghouse is engaged in delivering a wide range of products and services across multiple sectors, including home and kitchen appliances, outdoor power solutions, electronics, and industrial systems. Products such as portable generators, smart TVs, and nuclear energy systems are developed to meet diverse consumer and industrial needs. Solutions are provided for air comfort, water purification, and electrical distribution, ensuring quality and innovation. Operations span over a century, with a focus on dependability and enhancing everyday life through trusted offerings.
What products or services does Westinghouse offer?
Westinghouse offers Portable Generators, Nuclear Energy Systems, Smart Xumo TVs, and Small Kitchen Appliances.
How many acquisitions has Westinghouse made?
Westinghouse has made 2 acquisitions, including BHI Energy, and NA Engineering Associates.
Who are Westinghouse's investors?
Westinghouse has 4 investors. Key investors include Gov.uk, Cameco, Brookfield Asset Management, and European Union.