# AutoGrid Systems Startup profile on Capital Atlas: https://capitalatlas.ai/startups/autogrid-systems - Industry: Software - Headquarters: Redwood City, US - Website: www.auto-grid.com - Total disclosed funding: $159M - Latest round: Series D (Oct 14, 2021) - Investors on record: 24 ## About AutoGrid Systems, Inc., based in Redwood City, US, specializes in advanced energy management solutions, utilizing AI technology to optimize energy consumption for utilities and their customers through innovative demand-side management strategies.Founded in 2011, AutoGrid Systems, Inc. focuses on energy management solutions that cater to utility companies and energy providers. The company has undergone various strategic shifts to enhance its service offerings within the clean energy sector. It is led by CEO Ruben Llanes. As of the latest funding round, AutoGrid raised USD 85.00 mn in Series D funding led by SE Ventures, contributing to a total of USD 85.00 mn raised to date, with a current company valuation of USD 361.585 mn. The firm is based in Redwood City, California, USA and has engaged in 14 distinct deals since its inception.AutoGrid Systems offers a comprehensive suite of advanced energy management solutions designed to enhance grid capacity by engaging customers and their connected devices. Its core offerings include an AI-powered platform that integrates personalized energy experiences with flexible load management. This system assists both residential and business clients in optimizing their energy usage while providing tools such as home energy reports, digital portals, and APIs. The company’s solutions are tailored to a diverse clientele, including utility companies and energy providers, emphasizing improvements in energy efficiency and contributing to a decarbonized energy future, primarily in North America.AutoGrid Systems generates revenue through partnerships with utility companies and energy providers, utilizing a subscription-based model that grants clients access to its technology solutions and ongoing support. Contracts are typically long-term, covering various facets of energy management, including demand response programs and virtual power plants. This structure is essential for enhancing customer engagement and managing demand-side resources, reflecting the firm’s commitment to delivering tailored energy solutions that align with clients’ reliability and efficiency needs.AutoGrid Systems plans to enhance its offerings by developing new products focused on innovative energy management technologies, with anticipated launches in the upcoming fiscal year. The company is targeting expansion into additional markets, particularly in Europe and Asia, by the end of 2024. The recent Series D funding of USD 85.00 mn will support these initiatives, improving product development and market entry strategies. In a related development, ClearSky exited its stake in AutoGrid Systems, Inc., although financial terms of the transaction were not disclosed. ## Funding rounds - Series D, Oct 14, 2021, $85M — SolarEdge Technologies Ltd., Shell Ventures, Total Ventures, Moore Strategic Ventures, National Grid Partners, SE Ventures, GS Futures, Microsoft Climate Innovation Fund - Series D, May 28, 2019 — SE Ventures - Series D, Jan 18, 2019 — Shell Ventures - Series D, Mar 5, 2018, $32M — Foundation Capital, CLP Holdings, Tenaska Energy, Innogy, ClearSky Advisors LLC, E.ON Strategic Co-Investments, Ørsted, Clearvision Ventures, Energy Impact Partners, Total Ventures - Series C, Sep 16, 2016 — Total Ventures - Series C, Apr 28, 2016, $20M — Kleiner Perkins, Foundation Capital, Intel Capital, Voyager Capital, Access Venture Partners, ONE Nordic AB, Y Combinator, Fuel Capital, Clearvision Ventures, Energy Impact Partners - Series C, Jan 10, 2014, $13M — Foundation Capital, Voyager Capital, ClearSky Advisors LLC, E.ON Strategic Co-Investments - Series B, Oct 12, 2012, $9M — Foundation Capital, Voyager Capital ## Investors - Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C, Series D - Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series B, Series C - ClearSky Advisors LLC — Series C, Series D - E.ON Strategic Co-Investments (https://capitalatlas.ai/funds/e-on-strategic-co-investments) — Series C, Series D - Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C - Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C - Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series C - ONE Nordic AB — Series C - Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series C - Fuel Capital — Series C - Clearvision Ventures (https://capitalatlas.ai/funds/clearvision-ventures) — Series C, Series D - Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series C, Series D - Total Ventures (https://capitalatlas.ai/funds/total-ventures) — Series C, Series D - CLP Holdings — Series D - Tenaska Energy — Series D - Innogy — Series D - Ørsted — Series D - Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series D - SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series D - SolarEdge Technologies Ltd. — Series D - Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series D - National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series D - GS Futures (https://capitalatlas.ai/funds/gs-futures) — Series D - Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series D