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2024 Revenue

$24.2M(Est.)

Funding

$60.8M

Team

102

Founded

2012

eSmart Systems Revenue & Funding (2024)

eSmart Systems generated an estimated $24.2M in annual revenue in 2024. Source: GetLatka estimate

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

eSmart Systems Revenue

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 Revenue GrowthReported revenue / ARR over time · latest figure estimated$0$6M$12M$18M$24M$30M2012201420162018202020222024$0$6.6M$7.7M$24.2MSource: GetLatka.com
YearMilestoneSource
2024eSmart Systems Hit $24.2m revenue in November 2024Estimated
2024eSmart Systems Hit $9.8m revenue in October 2024Estimated
2023eSmart Systems Hit $7.7m revenue in December 2023Estimated
2021eSmart Systems Hit $6.6m revenue in April 2021Not recorded
2012Launched with $0 revenue

eSmart Systems Valuation, Funding Rounds

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.

eSmart Systems Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$15M$0.4$30M$0.6$45M$0.8$60M$1$75M20122013201420152016201720182019Source: GetLatka.com
YearRoundAmountValuation% SoldSource
2019Funding round$34M--Not recorded
2019Funding round$14.6M--Not recorded
2017Funding round$12.2M--Not recorded

Founder / CEO

Knut Johansen

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.

eSmart Systems Employees & Team Size

eSmart Systems employs approximately 102 people as of 2026, down from 114 in 2023.

eSmart Systems Team GrowthReported headcount over time0306090120150201220142016201820202022202400102102Source: GetLatka.com
YearMilestoneSource
2024Reached 102 employees (December 2024)Not recorded
2024Reached 114 employees (October 2024)Not recorded
2023Reached 114 employees (December 2023)Not recorded
2022Reached 123 employees (December 2022)Not recorded
2021Reached 118 employees (December 2021)Not recorded
2021Reached 94 employees (April 2021)Not recorded

Frequently Asked Questions about eSmart Systems

What is eSmart Systems's revenue?

As of 2024, eSmart Systems generated an estimated $24.2M in annual revenue.

Who founded eSmart Systems?

eSmart Systems was founded by Knut Johansen.

When was eSmart Systems founded?

eSmart Systems was founded in 2012.

Who is the CEO of eSmart Systems?

The CEO of eSmart Systems is Knut Johansen.

How much funding does eSmart Systems have?

eSmart Systems raised $60.8M across 3 rounds.

How many employees does eSmart Systems have?

As of 2024, eSmart Systems had 102 employees.

Where is eSmart Systems headquartered?

eSmart Systems is headquartered in Halden, Norway.

Compare eSmart Systems to the industry

Data and Sources

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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