London Startup IONATE Raises $17M for Smart Grid Expansion

London Startup IONATE Raises $17M for Smart Grid Expansion

IONATE, a London-based startup, has raised $17 million in a Series A round, signaling a significant boost for the company’s ambitious plans in the smart grid sector. The funding will be channeled into expanding its footprint across key markets, launching US operations, and advancing its cutting-edge technology. Founded in 2019, IONATE is at the forefront of addressing the escalating demands on… Source

IONATE Raises $17 Million to Help Grids Meet Decarbonization and AI Needs

IONATE, a startup that makes smart electric transformers and software for electric grids, announced that it has raised $17 million in a Series A round, with proceeds to be used to fuel growth across key markets, launch its US operations, and advance its technology. London-based IONATE, founded in 2019, provides a “hardware-software backbone for smart […]

Smart electricity startup IONATE lands $17m funding round

A startup promising to modernise electrical power grid has raised $17m (£13.6m) in a fresh funding round. Founded in 2019, London-based IONATE has built a full stack solution that consolidates multiple power system functions into a single, cost-effective device, addressing the shortcomings of traditional offerings. The firm’s hardware Hybrid Intelligent Transformer replaces old transformers with a smart equivalent that detects, analyses, and res…