Tantalus

Tantalus

Smart grid solutions for advanced metering, demand response, and conservation for electric and water utilities. Learn more

Launch date
Employees
Market cap
€51.5m
Enterprise valuation
€60m (Public information from Sep 2024)
Angier North Carolina (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20212022202320242025
Revenues32.2m39.6m42.1m59.4m73.7m
% growth-23 %6 %41 %24 %
EBITDA(4.8m)(3.9m)(<1m)--
% EBITDA margin(15 %)(10 %)(1 %)--
Profit(7.0m)(5.2m)(1.7m)--
% profit margin(22 %)(13 %)(4 %)--
R&D budget5.4m7.6m7.9m--
R&D % of revenue17 %19 %19 %--
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DateInvestorsAmountRound
-

N/A

-

$12.2m

Late VC

$8.1m

Debt
N/A

$20.0m

Late VC

$13.5m

Debt

$6.0m

Debt
N/A

N/A

IPO
*
N/A

CAD10.6m

Post IPO Equity
*

$7.0m

Post IPO Debt
*

$10.0m

Post IPO Equity
Total Funding€29.3m

Recent News about Tantalus

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More about Tantalusinfo icon
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Tantalus Systems is a technology company focused on modernizing utility distribution grids by leveraging data across all devices and systems from substations to EV chargers. Operating primarily in the energy sector, Tantalus serves utility companies by providing smart grid solutions that include intelligent connected devices, communications networks, data management, enterprise applications, and analytics. The company's business model involves selling these integrated solutions to utilities, enabling them to achieve greater visibility, command, and control over their operations. Tantalus generates revenue through the sale of its technology platforms and associated services, including ongoing support and maintenance. The market for Tantalus' offerings is driven by the increasing need for grid modernization and the integration of renewable energy sources. By forming strategic partnerships and alliances, Tantalus ensures its customers have a flexible and secure path to evolving their smart grids.

Keywords: smart grid, data interoperability, utility modernization, intelligent devices, communications networks, data management, enterprise applications, analytics, energy sector, renewable integration.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Tantalus

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Energate
ACQUISITION by Tantalus Aug 2017