SMPnet is a company that offers advanced smart tech to support the energy transition and control of power systems. Their technology monitors, optimizes, and controls multiple network assets in real-time, supporting increased resilience and security of supply. They optimize networks to reduce OPEX, increase revenues through flexibility, defer network reinforcements and maximize renewable energy asset penetration.
Location: United Kingdom, England, London
Employees: 1-10
Total raised: $1.4M
Founded date: 2017
Investors 1
| Date | Name | Website |
| 27.02.2023 | Urban Futu... | ufl.nyc/pr... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 03.05.2023 | Seed | $1.4M | Marathon V... |
Mentions in press and media 5
| Date | Title | Description |
| 08.05.2023 | DIGIT Deal Roundup | April 2023 | Welcome to the latest edition of the DIGIT Deal Roundup column, featuring some of the top investment, acquisition and expansion news stories from February, 2023. Scotland’s digital technology sector saw a number of notable deals across the ... |
| 03.05.2023 | AI-Driven Energy Software Startup SMPnet Lands £1.1m Seed Round | The funding is set to go towards bringing its power grid technology to markets in the US and Europe, as well as accelerating product development and boosting marketing and business development. Alongside Marathon Venture Capital, the round ... |
| 02.05.2023 | SMPnet raises $1.4 million as it puts the power back in to grid operators hands | UK-based SMPnet has raised a $1.4 million to bring its power grid technology to markets in the US and Europe. Currently with teams in Scotland and England, the real-time control software helps traditional power grids deal with 'untraditiona... |
| 02.05.2023 | SMPnet: AI energy software startup raises £1.1m | Energy startup SMPnet has raised $1.4m (£1.1m) in funding from investors that includes the CEO of multinational energy company SSE. London and Glasgow-based SMPnet is developing software to control power grids using AI. Its software is used... |
| - | SMPnet | “504 Gateway Time-out” |