Essential

Private

Fremont, CaliforniaEnterprise Softwarehttps://www.withessential.com/

Last Round

Series B

Jan 1, 2026

Est. Valuation

$1B

Total Funding Raised

$249.8M

Company Overview

Essential is a software company that provides an all-in-one, automation-first platform for fire protection and life-safety contractors to manage inspections, scheduling, quoting, and invoicing.

Sector

Enterprise Software

Verticals

Vertical SaaS, Facility Management, Workflow Automation, Compliance

Business Model

B2B

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

field service managementFSM softwarefire protection softwarevertical SaaSinspection managementtechnician mobile applife safety softwareNFPA compliancefield service automationcontractor billing softwareservice scheduling softwaretrade contractor softwarejob dispatch softwareautomated quotingback-office automation

Historical Pricing

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Caplight Momentum Score

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Essential Comps

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

Essential 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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Essential Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series B	Jan 1, 2026
Seed	May 15, 2024
Series A	Dec 12, 2023
Seed	May 1, 2023

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Key People

Founding team and executive leadership

Catherine Lu

Founder CEO

Founding Team

Essential Investors

Notable investors and investment history

Essential investors
Investor	Rounds
Formulate Ventures	Seed
KB Investment	Series A
Conviction Investment Partners	Seed
Franklin Templeton	Series A
Thrive Capital	Series A, Series B, Seed
Precursor Ventures	Seed
Maschmeyer Group Ventures	Seed

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Market signals

Structured signals derived from secondary market and firmographic data.

Dec 12, 2023
$57M round led by March Capital.
May 1, 2023
$8.3M round led by Thrive Capital

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Essential Filings

SEC and related filings with document metadata.

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

SEC and related filings with document metadata.

Frequently Asked Questions

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

Firmographic Details

HeadquartersFremont, California

Employee Range8

Year Founded2024

Last FundingJan 1, 2026

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