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Developer of a data analytics software intended to turn visual inspection data into actionable asset insight. The company's software leverages industrial grade deep learning and computer vision technologies to visually inspect assets and funnel data components of large-scale electrical systems to web, while performing analytics to avoid potential problems like rusted powerlines, enabling energy grid operators to lower maintenance cost, reduce failure rates and extend asset life.
Last updated
In 2024, eSmart Systems's revenue reached $24.2M. The company previously reported $9.8M in 2024. Since its launch in 2012, eSmart Systems has shown consistent revenue growth.
eSmart Systems has not publicly disclosed its valuation. The company has raised $60.8M in total funding to date.
eSmart Systems has raised $60.8M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $34M | - | - | |
| 2019 | Funding round | $14.6M | - | - | |
| 2017 | Funding round | $12.2M | - | - |
CEO
Knut holds a M.Sc. degree in Electrical Engineering and Computer Science from the Norwegian University of Technology in Trondheim, Norway. Knut is the CEO and founder of eSmart Systems AS, established in 2012. Prior to that, Knut founded and led Navita Systems, headed OMX Technology Energy Systems (now NASDAQ), founded and led Hand-El Scandinavia, a spin-off from the Institute for Energy Technology in Halden, Norway, and headed the department for energy systems at the Institute for Energy Technology. Knut has more than twenty years’ experience innovating, developing and delivering IT solutions to the energy industry world-wide. He has delivered IT solutions to physical and financial power exchanges in Europe, North America, Asia and Australia beginning with the deregulation of the Norwegian power market in 1991, a precursor for deregulation processes worldwide. Knut has also delivered IT systems to the balancing, spot, and financial energy markets, as well as the clearing of exchange products and OTC to Nord Pool, the Nordic power exchange. He’s been responsible for ETRM and grid system deliveries to a large number of prominent energy companies, including E.ON, Statoil, Hydro, Statkraft, Fortum and Mercuria. Knut was the initiating driver behind of the Norwegian Centre of Expertise – Smart Energy Markets. NCE Smart Energy Markets is supported by the Norwegian Authorities.
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We do not have customer count information for eSmart Systems yet.
eSmart Systems employs approximately 102 people as of 2026, down from 114 in 2023.
eSmart Systems generates $24.2M in revenue.
eSmart Systems was founded by Knut Johansen.
The CEO of eSmart Systems is Knut Johansen.
eSmart Systems raised $60.8M across 3 rounds.
eSmart Systems has 102 employees.
eSmart Systems is headquartered in Halden, Norway.
eSmart Systems operates across multiple industries. Browse revenue, funding, and growth data for eSmart Systems in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$24.2M
Funding
$60.8M
Team
102
Founded
2012
| Year | Milestone | Source |
|---|---|---|
| 2024 | eSmart Systems Hit $24.2m revenue in November 2024 | |
| 2024 | eSmart Systems Hit $9.8m revenue in October 2024 | Estimated |
| 2023 | eSmart Systems Hit $7.7m revenue in December 2023 | Estimated |
| 2021 | eSmart Systems Hit $6.6m revenue in April 2021 | |
| 2012 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 102 employees (December 2024) | |
| 2024 | Reached 114 employees (October 2024) | |
| 2023 | Reached 114 employees (December 2023) | |
| 2022 | Reached 123 employees (December 2022) | |
| 2021 | Reached 118 employees (December 2021) | |
| 2021 | Reached 94 employees (April 2021) |
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