Gridco Systems offers the emPower platform, an end-to-end hardware and software solution that combines modular power electronics, advanced controls, distributed networking and power system analytics to help utilities integrate renewables, increase efficiency, manage peak capacity and improve reliability. Over the past year the company launched several new power regulation products, including the SVC-20 Static VAR Compensator™, the IPR-150 150 kVA three-phase Inline Power Regulator™, and the PRT-50 50 kVA integrated Power Regulating Transformer™. Gridco has expanded field deployments of its flagship IPR-50 system and serves a customer base of more than a dozen utilities. The company is led by CEO Naimish Patel and is based in Woburn, MA. Financially, Gridco has raised more than $54M since its founding in 2010 and recently closed an additional $12M financing. The company intends to use the new funds to expand markets for its technology in North America and Europe. Gridco Systems develops networking gear and software aimed at modernizing the electric power grid. The company is introducing a new class of intelligent power distribution solutions to help utilities meet the evolving demands of the 21st-century electric grid. Its solutions leverage advances in power electronics combined with distributed intelligent control systems to dynamically manage power distribution below the substation with high predictability and precision. The team brings deep experience in the utility industry and technical expertise in power electronics, digital signal processing, and distributed controls. Founded in 2010 and based in Woburn, MA, Gridco recently closed a $10 million financing, according to an SEC filing. Gridco is a developer of energy management technology for electric utilities, building a new generation of utility-scale power management systems. The company’s team has deep expertise in power systems, power electronics, energy, signal processing, networking and distributed computing. Privately held and based in Woburn/Greater Boston, Massachusetts, Gridco is backed by top-tier clean‑tech investors. The company has raised $8 million more in venture capital. Six separate investors participated in the offering. Named backers include General Catalyst Partners, North Bridge Venture Partners and RockPort Capital. Gridco Inc. is a Cambridge-based, stealth-mode startup focused on delivering smarter power-management technology to utilities and major industrial power consumers. The company is led by Naimish Patel, a former Sycamore Networks executive. According to SEC filings, Gridco raised $12.5 million in its first financing round from General Catalyst and North Bridge Venture Partners. At the time of the filing the firm had no public website and was operating out of the offices of its investors. Product specifics, commercial traction, and detailed plans were not disclosed in the filing.

Total raised

$43M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2016