Draker is a technology company.
Draker has raised $4.0M across 2 funding rounds.
Draker has raised $4.0M in total across 2 funding rounds.
Draker is a technology company specializing in solar photovoltaic (PV) monitoring, management, and control systems. It designs, manufactures, and sells integrated end-to-end solutions that combine field instrumentation with web-based software to help owners and operators of commercial and utility-scale PV systems maximize efficiency and profitability.[1][2]
Headquartered in Burlington, Vermont, with offices in California and New Jersey, Draker serves the global solar market, providing accurate, reliable monitoring for solar assets. Generating around $5.7 million in revenue with fewer than 25 employees, it focused on turnkey systems until its assets were acquired by AlsoEnergy, enhancing renewable energy asset management for solar, wind, and storage.[1][4]
Founded in 1999 as Draker Laboratories, the company emerged to address performance monitoring and control needs for solar power systems, positioning itself in the software sub-industry of renewables.[2]
A pivotal moment came in 2012 when Draker, based in Burlington, Vermont, merged with Solar Power Technologies of Texas and raised $8 million, expanding its reach in PV monitoring and controls.[3] By the time of its asset acquisition by AlsoEnergy (alongside skytron energy's merger), Draker was recognized as a U.S. pioneer in solar monitoring, integrating its technologies into a broader global platform managing over 18GW of assets.[4]
Draker rode the early wave of solar energy expansion, capitalizing on rising demand for performance monitoring as PV deployments scaled globally in the 2000s and 2010s. Its timing aligned with utility-scale solar growth, where accurate asset management became critical amid falling panel costs and policy incentives like renewable portfolio standards.[1][4]
Market forces favoring Draker included the shift to data-driven renewables operations, where inefficiencies in unmonitored systems erode ROI. By pioneering integrated hardware-software stacks, it influenced the ecosystem toward standardized monitoring, paving the way for consolidations like its asset sale to AlsoEnergy, which now leads in multi-asset (solar, wind, storage) management across 18GW—amplifying U.S. innovation in a Europe-U.S. merger dynamic.[4]
Post-acquisition, Draker's technologies bolster AlsoEnergy's global dominance in renewable monitoring, likely evolving toward AI-enhanced predictive analytics and hybrid energy support amid net-zero pushes.
Trends like utility-scale solar booms, energy storage integration, and grid modernization will shape its legacy, with influence growing through expanded portfolios handling diverse assets. As renewables hit cost parity, Draker's foundational reliability positions it—or its inheritors—at the core of profitable, scalable clean energy operations, echoing its pioneering role in solar efficiency.
Draker has raised $4.0M in total across 2 funding rounds.
Draker's investors include FreshTracks Capital.
Draker has raised $4.0M across 2 funding rounds. Most recently, it raised $3.0M Venture Round in June 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2011 | $3.0M Venture Round | FreshTracks Capital | |
| Aug 1, 2008 | $1.0M Series A | FreshTracks Capital |