# PingThings

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

- Industry: Software
- Headquarters: Washington, US
- Website: www.pingthings.io
- Total disclosed funding: $2.4M
- Latest round: Seed (Jan 15, 2015)
- Investors on record: 2

## About

PingThings, Inc. is a technology firm that specializes in advanced data platforms for real-time analytics, enabling industries to manage time series data from a variety of sensors effectively.Founded in 2014 and headquartered in Washington, US, PingThings, Inc. focuses on developing data solutions for real-time analytics. The CEO, Sean Murphy, brings extensive experience in technology and business development. The company has conducted four deals, with the most recent funding round raising USD 1.74 mn on March 18, 2020, totaling USD 1.74 mn raised to date.PingThings, Inc. specializes in providing an advanced data platform known as PredictiveGrid™, which is designed for handling time series data from a variety of sensors, including Advanced Metering Infrastructure (AMI) and synchrophasors. This platform enables users to ingest, analyze, and visualize large volumes of sensor data in real-time, achieving read and write speeds of tens of millions of data points per second. The PredictiveGrid™ offers functionalities such as geospatial data integration, metadata capture, and network topology awareness, allowing organizations to gain comprehensive insights into their sensor fleets and assets. The platform is particularly beneficial for utilities and energy companies, which utilize it to enhance their operational efficiency and asset management. PingThings serves a diverse clientele across North America, Europe, and Asia, focusing on industries that require robust data solutions for real-time analytics and machine learning applications.PingThings generates revenue through a subscription-based model that allows clients to access its PredictiveGrid™ platform and associated services. The structure of these transactions typically involves annual contracts, with clients, including utility companies and energy service providers, paying for tiered service levels based on their data processing needs and the scale of their sensor deployments. The company offers various pricing plans tailored to different organizational requirements, ensuring that clients can choose a package that aligns with their operational scale and analytical needs. Transactions may also encompass partnerships with other technology providers, enhancing the platform's capabilities and extending its applicability in the market. Specific details on pricing structures and flagship offerings are integral to the company's strategy for revenue generation, targeting sectors that demand high-performance data solutions.In 2020, PingThings, Inc. raised USD 1.74 mn in venture funding, which will be utilized to enhance its PredictiveGrid™ platform and explore new market opportunities. The company is focusing on expanding into new geographic regions, particularly in Asia and Europe, with plans to introduce additional product features aimed at improving analytics capabilities. These initiatives are expected to roll out over the next two years as part of their growth strategy.

## Funding rounds

- Seed, Jan 15, 2015, $1.4M — GE Capital, Equity, Frost Data Capital
- Seed, Apr 21, 2014, $1M — GE Capital, Equity, Frost Data Capital

## Investors

- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Seed
- Frost Data Capital (https://capitalatlas.ai/funds/frost-data-capital) — Seed