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Founded Year

2016

Stage

Series D - II | Alive

Total Raised

$208.8M

Valuation

$0000 

Last Raised

$20M | 2 yrs ago

About Electric

Electric provides information technology (IT) support management solutions for small and mid-sized businesses. It offers solutions such as project management, business continuity and disaster recovery, cloud license management, identity management, and more. It serves industries such as healthcare, education, finance, and more. It was founded in 2016 and is based in New York, New York.

Headquarters Location

915 Broadway Suite 802

New York, New York, 10010,

United States

(646) 350-0620

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Expert Collections containing Electric

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Electric is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,229 items

C

Cybersecurity

8,428 items

These companies protect organizations from digital threats.

Electric Patents

Electric has filed 76 patents.

The 3 most popular patent topics include:

  • electrical engineering
  • energy conversion
  • glass chemistry
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/4/2021

1/2/2024

Mirrors, Hydrology, Radar meteorology, Lighting, Severe weather and convection

Grant

Application Date

4/4/2021

Grant Date

1/2/2024

Title

Related Topics

Mirrors, Hydrology, Radar meteorology, Lighting, Severe weather and convection

Status

Grant

Latest Electric News

Hawaiian Electric holder pushing for board changes in wake of wildfire

Jan 26, 2024

My Photo Buddy/iStock via Getty Images A holder of Hawaiian Electric (NYSE: HE ) preferred stock is pushing for a board refreshment after the ultility's stock plunged 66% last year in the wake of wildfires. The holder wants Hawaiian Electric ( HE ) to "undertake a meaningfully refreshment of its current membership with new independent directors who possess the enhanced skillsets necessary to move the enterprise forward," holder Kevin Barnes wrote in a 13D filing. The holder demands Hawaiian Electric ( HE ) cease any "value dilutive actions, including, but not limited to, upstreaming common stock dividends to Hawaiian Electric Industries, engaging in any financings outside of normal course cash management, executing any litigation or regulatory settlement agreements, or commencing any other balance sheet maneuvers and/or securitizations, until current stakeholders have had an opportunity to provide their input on the size and composition of the go-forward Board." Barnes, who owns 15,699 shares of Series H 5.25% cumulative preferred stock, highlighted that upon certain defaults in preferred dividend payments, holders of the preferred shares have the voting right to elect the majority of the directors seated on the board. The 13D filing comes after a report that state lawmakers earlier this week introduced legislation that would allow the electric utilit y to sell recovery bonds backed by customer rates to cover costs from last year's deadly Maui wildfire. If passed by Hawaii's legislature, the bill would allow Hawaiian Electric ( HE ) to raise capital through securitization for costs related to fire mitigation plans, contributions to disaster relief funds, and payments for litigation and settlements.

Electric Frequently Asked Questions (FAQ)

  • When was Electric founded?

    Electric was founded in 2016.

  • Where is Electric's headquarters?

    Electric's headquarters is located at 915 Broadway, New York.

  • What is Electric's latest funding round?

    Electric's latest funding round is Series D - II.

  • How much did Electric raise?

    Electric raised a total of $208.8M.

  • Who are the investors of Electric?

    Investors of Electric include Primary Venture Partners, Bessemer Venture Partners, GGV Capital, Two Culture Capital, Harmonic Growth Partners and 16 more.

  • Who are Electric's competitors?

    Competitors of Electric include Fractalia Remote Systems and 5 more.

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