Grâce is a technology company.
Grâce has raised $6.0M across 1 funding round.
Grâce has raised $6.0M in total across 1 funding round.
Grâce has raised $6.0M in total across 1 funding round.
Grâce's investors include eFounders, Partech Ventures, Speedinvest, Alexandre Dalyac, Job Van Der Voort, Philippe Teixeira da Mota.
Grace Technologies is a manufacturer of electrical safety innovations and predictive maintenance solutions, specializing in products that enhance worker safety and equipment reliability in industrial settings.[1][2][4] Founded to address hazardous electrical access issues, the company produces GracePort® panel interface connectors, Permanent Electrical Safety Devices (PESDs) like absence and presence of voltage indicators, and GraceSense™ IIoT smart sensor devices for predictive maintenance, serving maintenance teams in manufacturing, energy, and other sectors to prevent electrical hazards, reduce downtime, and boost productivity.[1][4] With a global presence in over 60 countries, annual revenue around $11.4 million, and 11-50 employees based in Davenport, Iowa, Grace focuses on practical innovations that keep live voltage away from workers and empower data-driven maintenance decisions.[1][2]
Grace Technologies traces its roots to 1993, when founder and CEO Phil Allen, working on a friction welder retrofit at John Deere as part of startup Grace Engineering, encountered a safety issue: machine I/O was at the front, but the high-power electrical panel was at the rear, creating hazardous access risks.[1][2] Allen invented the GracePort®, a panel interface connector allowing safe PLC access behind closed doors without exposure to live voltage, leading to the company's rebranding as Grace Engineered Products.[1][2] This breakthrough pioneered PESDs and expanded into GraceSense predictive tools like Hot Spot Monitors for detecting overheating and unplanned downtime.[1] In 2020, it became Grace Technologies to reflect its modern IIoT and safety portfolio, evolving from a system integrator to a global leader in electrical safety.[1]
Grace Technologies rides the wave of Industrial IoT (IIoT) and predictive maintenance trends, where manufacturers shift from reactive fixes to data-driven prevention amid rising demands for uptime in energy, manufacturing, and midstream sectors.[1][4] Timing aligns with standards like NFPA 70B and IEEE PCIC P2969, mandating continuous thermal monitoring to avert flashovers and incidents, as seen in midstream case studies.[4] Market forces favoring Grace include labor shortages pushing safer, productive tools and IIoT growth for asset protection; it influences the ecosystem by pioneering PESDs, reducing arc flash risks, and enabling "safer, smarter" maintenance globally.[1][4]
Grace Technologies is poised to expand its IIoT portfolio, with previews like the HSM 600 signaling deeper integration into low- and medium-voltage monitoring for pipelines and beyond.[4] Trends in AI-enhanced predictive analytics, stricter safety regulations, and Industry 4.0 will amplify demand, potentially accelerating growth from its current $11M revenue base through partnerships and new sensors.[2][4] Its influence may evolve by setting PESD/IIoT benchmarks, turning electrical safety from compliance burden to productivity edge—reinforcing its origin as a crisis-solving innovator in a risk-prone industrial world.[1]
Grâce has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in April 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2025 | $6.0M Seed | eFounders, Partech Ventures, Speedinvest, Alexandre Dalyac, Job Van Der Voort, Philippe Teixeira da Mota |