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§ Private Profile · Huntersville, NC 28078
Develops solid-state digital circuit breaker technology and EV charging systems for commercial real estate, data centers, and EV fleets.
Founded in 2014 by Ryan Kennedy and Denis Kouroussis, Atom Power is based in Huntersville, North Carolina, and develops solid-state digital circuit breakers, electric vehicle charging stations, and energy management software. The company utilizes proprietary semiconductor technology to eliminate arc flash hazards and create systems that react 3,000 times faster than traditional mechanical alternatives. Through its AtomSwitch hardware and Atom OS platform, the business provides centralized, AI-driven power control for critical infrastructure across data centers, commercial real estate, and municipal utilities. To support its domestic manufacturing and commercial expansion efforts, the enterprise has secured over $120 million in total venture capital funding from major corporate investors including SK, NextEra Energy, ABB, and Rockwell Automation. This extensive financial backing includes a massive $100 million single investment round in August 2022 to scale its electric vehicle charging business.
Atom Power, Inc. has raised $128.0M across 5 funding rounds.
Atom Power, Inc. has raised $128.0M in total across 5 funding rounds.
Atom Power, Inc. is a technology company founded in 2014 that develops solid-state circuit breaker technology, EV charging solutions, and energy management software to modernize electrical infrastructure.[1][2][3][6] It serves commercial, industrial, EV, residential, data center, and distributed energy markets by replacing mechanical breakers with digital solid-state versions that offer superior protection, visibility, control, reliability, scalability, and security—addressing issues like slow response times and inefficiency in traditional systems.[1][2][3][7] With $124.3 million in funding, $15.5 million in revenue, and 107 employees headquartered in Huntersville, North Carolina, the company shows strong growth momentum through UL-listed products, U.S. manufacturing, and expansions like the E100 Series Level 2 EV chargers.[1][3][6]
Atom Power emerged in 2014 in Huntersville, North Carolina (Charlotte metro), with a research facility in Research Triangle Park, Raleigh-Durham, pioneering the world's first UL-listed commercial solid-state digital circuit breaker.[1][3][4] Key early figures include employees like Laura Martyna (Brand Ambassador and Recruiter) and Amanda Moorhead (SPHR, LEED AP ND), though specific founders are not detailed in available sources; the company quickly focused on transforming mechanical breakers to digital for smarter power distribution.[1][4] Pivotal traction came from inventing breaker technology that exceeds UL 489 standards (e.g., 1,000,000+ cycles vs. required 6,000), enabling EV charging and grid-edge applications, with rapid evolution toward scalable EVSE products and future data center/industrial uses.[3][6][7]
Atom Power stands out through its patented solid-state circuit breaker (Atom Switch) and integrated ecosystem:
These eliminate mechanical wear, boost efficiency, and support sustainable energy management over competitors like Cordyne or Relectric.[1]
Atom Power rides the electrification megatrend, powering EV adoption, smart grids, data centers, and renewables amid rising demand for reliable, visible energy control behind the meter.[1][2][6] Timing aligns with EV infrastructure growth (e.g., U.S. installations), where traditional breakers fail under variable loads from charging or distributed energy; market forces like sustainability mandates and grid strain favor its solid-state tech for safer, greener distribution.[1][3][7] It influences the ecosystem by setting new standards for digital breakers, enabling scalable EVSE for hotels/offices/municipalities, and paving the way for industrial/data center applications—reducing carbon via efficient power and supporting the shift to intelligent, software-defined electrical systems.[2][6]
Atom Power is positioned for explosive growth by dominating EV charging while gearing up next-gen breakers for data centers, industrials, and homes, leveraging its $124M funding war chest.[1][7] Trends like AI-driven data center power demands, EV proliferation, and grid modernization will propel it, with software integration amplifying network effects in energy management. Its influence could evolve from EV niche leader to foundational grid tech provider, potentially capturing broader power electronics markets as solid-state adoption accelerates—transforming energy flow from rigid to dynamic, just as it began with the first digital breaker revolution.
Atom Power, Inc. has raised $128.0M across 5 funding rounds. Most recently, it raised $100.0M Atom Power - Other Equity in August 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 18, 2022 | $100M Venture Round | Moohwan KIM, Dong SOO Kang | — | Announced |
| Jun 1, 2020 | $18M Series B | — | Atreides Management, Future Ventures | Announced |
| Nov 1, 2017 | $3M Series A | — | Chrysalix Venture Capital, Cota Capital, GE Ventures, Giant Ventures, Marc VAN DEN Berg | Announced |
| Nov 1, 2017 | $3M Venture Round | — | — | Announced |
| Feb 1, 2017 | $4M Series A | — | Chrysalix Venture Capital, Cota Capital, GE Ventures, Giant Ventures, Marc VAN DEN Berg | Announced |
Atom Power, Inc. has raised $128.0M in total across 5 funding rounds.
Atom Power, Inc.'s investors include Moohwan Kim, Dong-soo Kang, Atreides Management, Future Ventures, Chrysalix Venture Capital, Cota Capital, GE Ventures, Giant Ventures, Marc van den Berg.