S
Smart Wires
Develops and implements innovative technologies that advance the delivery of electricity around the world
About Smart Wires
SmartWires is a leading provider of grid-enhancing technology and services, operating in the energy sector. The company's primary focus is on reimagining the power grid to meet the demands of a net-zero carbon future. This involves transitioning to a digital grid that can deliver renewable energy and support wide-scale electrification.
SmartWires serves a global clientele, primarily consisting of utility companies. These clients are facing critical challenges in managing their power grids, and SmartWires provides solutions to unlock extra capacity and improve grid performance.
The company's business model revolves around its portfolio of innovative technologies and services. This includes power modeling, analytics, dynamic ratings, and digital power flow control. These technologies are modular and can be integrated with existing grid investments, providing clients with greater flexibility and return on investment.
SmartWires generates revenue by selling these technologies and services to utility companies. The solutions provided by SmartWires not only enhance the capacity and efficiency of power grids but also help in the transition towards renewable energy sources. This positions the company well in a market that is increasingly focused on sustainability and clean energy.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2010
- Headquarters
- Durham, United States
- Employees
- 95
- Open positions
- 3
- Dealroom signal
- 68.8/100
- Industry
- Energy
- Sub-industry
- Energy Efficiency
- Sector
- Energy, Spinout, Sustainable Development Goals, Climate Tech, Grid Technology, NIF defense security and resilience, NIF freedom of operations and mobility, DT and LS, science-based
- Technology
- Deep Tech
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GROWTH EQUITY VCOther financing | Jan 2025 | $65M | — | BP Energy Partners | ↗ |
| SERIES EOther financing | Dec 2019 | $75M | $300M | Lime Rock New Energy | — |
Growth signals
Latest recorded traffic for Smart Wires is 4.8K monthly website visits, down 31.4% over the last three months. Smart Wires's team declined 4% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
- JPJane Capital Partners
Series A1 investor entered at this stage
RiverVest Venture Partners
Series B and later4 investors entered at this stage
Alumni Ventures
Purple Arch Ventures (an Alumni Ventures Fund)- LELime Rock New Energy
BP Energy Partners
Other known investors1 additional known investor
Georgia Institute of Technology
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Smart Wires on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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