How Brightmerge hit $53K revenue and 4 customers in 2023.
Developer of a performance optimization platform intended to accurately and automatically predict the performance of electric microgrids. The company's platform uses proprietary machine learning and big data decision-making solutions, automates most of the functions currently performed manually by project developers, engineers and bankers and offers smart risk mitigation which could in turn drive microgrid adoption, enabling energy industry to dramatically reduce the cost, time and expertise required to develop and operate renewable energy microgrid systems., optimizing local renewable energy systems
2019
Founded
$53K
2023 Revenue
5.2%
YOY
$1M
Funding
Brightmerge Revenue
In 2023, Brightmerge revenue run rate hit $53K in revenue.
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2023
Brightmerge hit $53K in revenue in 2023
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2021
Brightmerge hit $48K in revenue in 2021
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2019
Brightmerge launched in 2019 with $0 revenue
Brightmerge Funding History
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2021 Pre Seed
Brightmerge raised a Pre Seed of in November, 2021
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2020 Seed Round
Brightmerge raised a Seed Round of in January, 2020
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2019 Pre Seed
Brightmerge raised a Pre Seed of in June, 2019
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2018 Non Equity Assistance
Brightmerge raised a Non Equity Assistance of in March, 2018
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| November, 10 2021 | Pre Seed | ||
| January, 05 2020 | Seed Round | ||
| June, 01 2019 | Pre Seed | ||
| March, 18 2018 | Non Equity Assistance |
Team
Brightmerge has 11 total employees. They have 4 customers an engineering team of 5
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 11 |
| Engineer | 5 (45%) |
Founder / CEO
Daniel Schwab
- Founder and CEO of Brightmerge a leading data optimization platform for local renewable energy systems or microgrids. - Serial entrepreneur with international business experience with the following significant achievements: - Established BrightSource Energy Inc. in Southern Africa valued over $1bn sales - Founder and Non-executive director of Kayema Investments Ltd. and Kayema Energy Solutions (PTY) Ltd. leading renewable energy companies. Kayema was sold to NRG Renew Q1 2015.
Q&A
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What's your age?
47
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Favorite online tool?
Slack
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Favorite book?
The Winner
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Favorite CEO?
Elon Musk
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Advice for 20 year old self
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Customers
Churn
Brightmerge Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Daniel Schwab | CEO | [email protected] | - |
Brightmerge Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Daniel Schwab | CEO | [email protected] | - |
Frequently Asked Questions about Brightmerge
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When was Brightmerge founded?
Brightmerge was founded in 2019.
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How much revenue does Brightmerge generate?
Brightmerge generates $53K in revenue.
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Who is the CEO of Brightmerge
The CEO of Brightmerge is Daniel Schwab.
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How much funding does Brightmerge have?
Brightmerge raised $1M.
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How many employees does Brightmerge have?
Brightmerge has 11 employees.
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Where is Brightmerge headquarters?
Brightmerge is headquartered at Tel Aviv, Israel
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