Autogrid is a technology company.
Autogrid has raised $159.0M across 5 funding rounds.
Autogrid has raised $159.0M in total across 5 funding rounds.
Autogrid has raised $159.0M in total across 5 funding rounds.
Autogrid's investors include Battery Ventures, Clearvision Ventures, Energy Impact Partners, Foundation Capital, Microsoft, National Grid Partners, TotalEnergies Ventures, Verve Ventures, Alexander Weiss, Susana Quintana-Plaza, Ribbit Capital, Alchemy Ventures.
AutoGrid is a software company that builds an AI-driven platform for flexibility management in the energy sector, enabling utilities, retailers, renewable developers, and energy service providers to optimize distributed energy resources (DERs) like solar, storage, EVs, and demand response in real-time.[1][2][3] It serves major energy companies worldwide—including Xcel Energy, National Grid, E.ON, NextEra Energy, and over 35 others—solving the challenge of balancing decentralized grids amid rising renewables and electrification by forecasting supply/demand, automating dispatch, and extracting flexible capacity for grid stability, cost savings, and new revenue streams.[2][3][6] With over 5,000–8,300 MW of DERs under management and tools for virtual power plants (VPPs), DERMS, and fleet optimization, AutoGrid powers clean, reliable energy transitions; it was acquired by Schneider Electric in 2022 and later by Uplight, boosting its scale across 17 countries and 8 of the 10 largest utilities.[2][4][7]
AutoGrid was founded in 2011 at Stanford University by a team of software architects, electrical/computer engineers, data scientists, and energy experts responding to the grid's shift toward distributed, renewable-heavy systems.[2][6] The idea emerged from pioneering "flexibility management"—using big data, AI, machine learning, and IoT to mine DER data for real-time optimization, born out of the need to handle petabytes of energy data from millions of connected assets.[1][3][6] Early traction came from hardware-agnostic software that outperformed competitors' siloed or historical-data tools, securing contracts with global leaders like E.ON, Florida Power & Light, and Southern California Edison, while growing to manage massive programs like the world's largest behavioral demand response (700,000 households).[2][3][4] Key milestones include scaling to 5,000+ MW under contract by the late 2010s and strategic acquisitions: Schneider Electric in 2022 for enhanced hardware-software synergy, followed by Uplight to expand DER orchestration and customer programs.[4][7]
AutoGrid stands out in energy software through these key strengths:
AutoGrid rides the distributed energy revolution, where renewables, EVs, and DERs fragment traditional grids, demanding AI for real-time balancing amid electrification and net-zero mandates.[1][2][4] Timing is ideal: post-2011 renewable booms and 2020s policy pushes (e.g., IRA in the US) amplify market forces like volatile supply, peak demand, and VPP growth, where AutoGrid's flexibility unlocks revenue from idle assets.[3][6][7] It influences the ecosystem by enabling 700,000+ household programs, deeper utility-consumer ties, and global operators like NextEra to integrate DERs at scale, accelerating decarbonization while reducing costs—positioning it as a linchpin in the "Energy Internet."[2][4][6]
AutoGrid is primed to dominate DER management as grids evolve toward AI-orchestrated VPPs and fleet electrification, with Uplight's scale fueling 10,000+ MW and multi-country expansion.[4][7] Trends like AI-advanced forecasting, regulatory incentives for flexibility markets, and hyperscale data centers' energy demands will propel growth, potentially evolving its influence toward end-to-end energy ecosystems blending hardware, software, and consumer apps. As DER penetration hits critical mass, AutoGrid's platform will be indispensable for resilient, affordable clean energy—turning today's grid challenges into tomorrow's optimization edge.[3][5]
Autogrid has raised $159.0M across 5 funding rounds. Most recently, it raised $85.0M Series D in October 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2021 | $85.0M Series D | Battery Ventures, Clearvision Ventures, Energy Impact Partners, Foundation Capital, Microsoft, National Grid Partners, TotalEnergies Ventures, Verve Ventures, Alexander Weiss, Susana Quintana-Plaza | |
| Sep 1, 2018 | $32.0M Series D | Foundation Capital, Ribbit Capital, TotalEnergies Ventures | |
| May 1, 2016 | $20.0M Series C | Alchemy Ventures, Clearvision Ventures, Energy Impact Partners, Foundation Capital, Microsoft, National Grid Partners, Ribbit Capital, TotalEnergies Ventures, Verve Ventures, Voyager Capital, Alexander Weiss, Nico Rosberg, Rick Wagoner, Susana Quintana-Plaza | |
| Jan 1, 2014 | $13.0M Series C | Foundation Capital, Ribbit Capital | |
| Oct 1, 2012 | $9.0M Series B | Foundation Capital, Ribbit Capital |