# Ampacimon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ampacimon

- Industry: Software
- Headquarters: Liege, Belgium
- Website: www.ampacimon.com/
- Total disclosed funding: $11M
- Latest round: Series C (Oct 20, 2023)
- Investors on record: 5

## About

Ampacimon SA, based in Belgium, develops innovative grid monitoring solutions, enhancing the efficiency and reliability of electrical grids through advanced technologies and data analytics.Founded in 2010 in Liege, Belgium, Ampacimon SA specializes in grid monitoring solutions, including Dynamic Line Rating (DLR) and Partial Discharge Monitoring (PDM). The company has completed two significant funding rounds, with the latest being a Series C round on October 16, 2023, raising EUR 10 million from Junction Growth Investors and other participants. CEO Frederic Vassort leads the company in its mission to serve utility companies globally, particularly in regions such as the United States, Europe, and MENA.Ampacimon specializes in advanced grid monitoring solutions aimed at enhancing the efficiency and reliability of electrical grids. Their core offerings include Dynamic Line Rating (DLR) technology and Partial Discharge Monitoring (PDM) solutions. DLR utilizes big data to provide real-time, ambient-adjusted ratings for transmission lines, allowing operators to maximize capacity by up to 40% under varying environmental conditions. PDM leverages patented sensors to monitor cable health by detecting partial discharges without requiring on-site experts. These technologies are primarily targeted at utility companies and grid operators across multiple geographical markets, including the United States, various countries in Europe, and regions within the MENA area, addressing critical issues such as grid congestion and aging infrastructure.Ampacimon generates revenue through a combination of subscription-based services and direct partnerships with utility companies. The business model typically involves long-term contracts with clients who implement DLR and PDM solutions to optimize their grid operations. Clients pay for access to the technology and associated data analytics services. In 2022, the company's EBITDA was EUR -648,203.30, indicating the financial performance during that year.In October 2023, Ampacimon SA raised EUR 10 million in Series C funding, which will be used to expand its market reach in the United States and enhance its product offerings. The company aims to introduce new products designed for more efficient grid management while targeting expansion into additional markets by 2024.

## Funding rounds

- Series C, Oct 20, 2023, $11M — Korys, Noshaq, Gesval S.A., Creos Deutschland, Junction Growth Investors

## Investors

- Korys (https://capitalatlas.ai/funds/korys) — Series C
- Noshaq (https://capitalatlas.ai/funds/noshaq) — Series C
- Gesval S.A. — Series C
- Creos Deutschland — Series C
- Junction Growth Investors (https://capitalatlas.ai/funds/junction-growth-investors) — Series C