Heron Power

Heron Power

Private
Scotts Valley, CaliforniaEnergy & Sustainabilityhttps://www.heronpower.com

Last Round

Series B

Feb 18, 2026

Total Funding Raised

$178M

Momentum Score

75 /100

Company Overview

Heron Power is an energy infrastructure company developing industrial power electronics for the modern grid. Founded in 2024 by former Tesla engineering executive Drew Baglino, the company's first product is the "Heron Link," a modular, solid-state transformer. This technology is designed to replace legacy transformers, enabling renewable energy sources, energy storage systems, and data centers to connect to the medium-voltage grid more efficiently and at a lower cost. By creating more capable hardware, Heron Power aims to address grid interconnection challenges and support the increasing demand for electricity driven by electrification and AI. The company raised a $38 million Series A round in May 2025, bringing its total funding to $43 million, with plans to establish a US manufacturing presence.

Sector

Energy & Sustainability

Verticals

Energy Management, Smart Grid, Smart Buildings, ML Platforms

Business Model

B2B

Customer Profile

Hardware Sales, Hardware + Subscription

AI Layer

Application

Keywords

home energy managementAI energy managementsmart thermostat optimizationdemand response softwarevirtual power plantDER managementgrid servicesutility softwareload management softwarewhite-label energy appsmart grid softwarehardware-agnostic platformCCA softwareREP softwarePMPM billing

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Caplight Momentum Score

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Heron Power Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Heron Power Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BFeb 18, 2026
Series AMay 29, 2025

Key People

Founding team and executive leadership

Drew Baglino

Founder And CEO

Founding Team

Heron Power Investors

Notable investors and investment history

InvestorRounds
Andreessen HorowitzSeries B
Capricorn Investment GroupSeries B, Series A
Powerhouse VenturesSeries A
Gigascale CapitalSeries B, Series A
Breakthrough Energy VenturesSeries A, Series B
Energy Impact PartnersSeries B, Series A
Valor Equity PartnersSeries A

Market signals

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  • May 25, 2026

    Grew 21% quarter-over-quarter, from 71 to 86 employees.

  • Apr 25, 2026

    Grew 25% QoQ, from 64 to 80 employees.

Heron Power Filings

SEC and related filings with document metadata.

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Heron Power Filings

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Frequently Asked Questions

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Firmographic Details

HeadquartersScotts Valley, California
Employee Range86
Year Founded2024
Last FundingFeb 18, 2026

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