IONATE

Private

LondonEnergy & Sustainabilityhttps://www.ionate.energy/

Last Round

Series A

Feb 5, 2025

Total Funding Raised

$21.44M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

IONATE is an energy infrastructure company that develops hardware-software solutions, including its Hybrid Intelligent Transformer (HIT), to modernize electricity grids.

Sector

Energy & Sustainability

Verticals

Smart Grid, Energy Management, Renewable Energy, Energy Storage, IoT Hardware

Business Model

B2B

Customer Profile

Hardware + Subscription, Hardware Sales, Services & Consulting, Government Contracts

AI Layer

Application

Keywords

Hybrid Intelligent TransformerHITsmart transformergrid modernizationgrid techpower flow controlsmart grid hardwarerenewable energy integrationgrid optimization softwaregrid edge technologypower electronicsdigital transformergrid resilienceutility technologyhardware-enabled SaaSDistribution System OperatorsDSO

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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IONATE Comps

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

IONATE comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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IONATE Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series A	Feb 5, 2025
Grant	Sep 10, 2024
Accelerator	Nov 30, 2023
Seed	Aug 16, 2022
Grant	Jan 26, 2021

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Key People

Founding team and executive leadership

Matthew Williams

Founder CEO

Founding Team

IONATE Investors

Notable investors and investment history

IONATE investors
Investor	Rounds
Eureka Network	Grant
DIANA	Accelerator
Global Brain Corporation	Series A
IQ Capital	Series A, Seed
Innovate UK	Grant
Old College Capital	Seed
Santander InnoEnergy Climate Fund	Series A

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Market signals

Structured signals derived from secondary market and firmographic data.

Mar 14, 2026
Added International, a government/energy policy company, as a customer.
Jan 15, 2026
Named a front-runner in hybrid transformers by an industry report.

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IONATE Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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IONATE Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about IONATE's valuation, stock price, and market status.

Firmographic Details

HeadquartersLondon

Employee Range41

Year Founded2019

Last FundingFeb 5, 2025

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