Gridsmart Overview

  • Year Founded
  • 2006

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $86.8M

  • Investors
  • 1

Gridsmart General Information

Description

Provider of a camera-based traffic management system designed to help change traffic lights in response to traffic demands. The company's system collects traffic and safety data, as well as automatically provides proactive answers to traffic personnel, enabling consumers to improve worker safety and prevent lane closures.

Contact Information

Website
www.gridsmart.com
Formerly Known As
Aldis
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 10545 Hardin Valley Road
  • Knoxville, TN 37932
  • United States
+1 (866)
Primary Industry
Other Hardware
Acquirer
Cubic
Vertical(s)
Industrials, TMT
Corporate Office
  • 10545 Hardin Valley Road
  • Knoxville, TN 37932
  • United States
+1 (866)

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Gridsmart Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 02-Jan-2019 $86.8M Completed Generating Revenue
4. Later Stage VC (Series B1) 31-May-2013 Completed Generating Revenue
3. Later Stage VC (Series B1) 17-May-2012 Completed Generating Revenue
2. Early Stage VC (Series B) 22-Aug-2010 $6M $9.7M Completed Startup
1. Early Stage VC (Series A) 22-Oct-2007 $3.7M $3.7M Completed Startup
To view Gridsmart’s complete valuation and funding history, request access »

Gridsmart Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B1
Series B
Series A 4,411,540 $0.000100 $0.08 $1 $1 1x $0.4 22.77%
To view Gridsmart’s complete cap table history, request access »

Gridsmart Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of a camera-based traffic management system designed to help change traffic lights in response to traffic deman
Other Hardware
Knoxville, TN

Anaheim, CA
 

San Diego, CA
 
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Gridsmart Competitors (3)

One of Gridsmart’s 3 competitors is Econolite Group, a Private Equity-Backed company based in Anaheim, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Econolite Group Private Equity-Backed Anaheim, CA
Lytx Private Equity-Backed San Diego, CA
Sensys Networks Formerly VC-backed Emeryville, CA
You’re viewing 3 of 3 competitors. Get the full list »

Gridsmart Former Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
Battelle Ventures Venture Capital Minority
Bonaventure Capital Venture Capital Minority
Innovation Valley Partners Venture Capital Minority
Launch Tennessee Not-For-Profit Venture Capital Minority
Meritus Ventures Venture Capital Minority
You’re viewing 5 of 6 investors. Get the full list »

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Gridsmart FAQs

  • When was Gridsmart founded?

    Gridsmart was founded in 2006.

  • Where is Gridsmart headquartered?

    Gridsmart is headquartered in Knoxville, TN.

  • What industry is Gridsmart in?

    Gridsmart’s primary industry is Other Hardware.

  • Is Gridsmart a private or public company?

    Gridsmart is a Private company.

  • What is the current valuation of Gridsmart?

    The current valuation of Gridsmart is .

  • What is Gridsmart’s current revenue?

    The current revenue for Gridsmart is .

  • How much funding has Gridsmart raised over time?

    Gridsmart has raised $11.4M.

  • Who are Gridsmart’s investors?

    Battelle Ventures, Bonaventure Capital, Innovation Valley Partners, Launch Tennessee, and Meritus Ventures are 5 of 6 investors who have invested in Gridsmart.

  • Who are Gridsmart’s competitors?

    Econolite Group, Lytx, and Sensys Networks are competitors of Gridsmart.

  • When was Gridsmart acquired?

    Gridsmart was acquired on 02-Jan-2019.

  • Who acquired Gridsmart?

    Gridsmart was acquired by Cubic.

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