Greenbird Integration Technology AS
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Greenbird Integration Technology AS - overview
Established
2010
Location
Oslo, -, Norway
Primary Industry
Software
About
Based in Norway, Greenbird Integration Technology AS specializes in providing integration solutions for the energy sector, facilitating data management and orchestration within energy grids, thereby supporting the transition to sustainable energy practices. Greenbird Integration Technology AS, founded in 2010 in Oslo, Norway, offers integration solutions focused on optimizing energy data management for utilities. The company has successfully completed a total of 5 deals, with its most recent transaction occurring on August 14, 2023, during which it raised EUR 5. 00 mn in a Series B funding round led by EnBW New Ventures alongside ETF Partners and Nysnø Climate Investments.
Fredrik Omland is the founder, with Thorsten Heller currently serving as CEO. Greenbird Integration Technology AS provides advanced integration solutions aimed at the energy sector, specifically through their GridOS® platform. This software portfolio is designed for grid orchestration, enabling utilities to manage energy grids more effectively amidst the complexities of the sustainable energy transition. GridOS® includes advanced distribution management systems, advanced energy management systems, and geospatial network management tools, all of which help enhance grid reliability and reduce operational costs.
For the fiscal year 2023, Greenbird Integration Technology AS reported a revenue of EUR 5,520,812 and an EBITDA of EUR 10,305,320. The company's revenue generation model is primarily based on B2B transactions involving subscriptions and software licensing agreements. Looking ahead, Greenbird Integration Technology AS is focused on expanding its offerings and market reach. The company aims to enhance its GridOS® platform and streamline the complexities of energy data integration, especially following its acquisition by GE Vernova in August 2023.
This acquisition is expected to accelerate the development of GridOS® and facilitate entry into new markets. The recent funding will be utilized to support these initiatives and further solidify Greenbird's position in the energy sector.
Current Investors
Inventive Innovations, ETF Partners, Statkraft Ventures
Primary Industry
Software
Sub Industries
Application Integration Software, Analytics & Performance Software
Website
www.greenbird.com
Verticals
Big Data, Cloud Computing, Cloud Computing, IoT (Internet of Things), IoT (Internet of Things)
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Greenbird Integration Technology AS - timeline of key events
Greenbird Integration Technology AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,705,893 | 12,807,924 | 24,319,486 | 32,658,705 | 32,794,215 | 36,623,334 | 45,990,650 | 37,811,627 | 40,100,161 | 60,359,172 | 46,345,779 | - | - | - |
| % Revenue Growth (YoY) | - | 91.0% | 89.9% | 34.3% | 0.4% | 11.7% | 25.6% | (17.8%) | 6.1% | 50.5% | (23.2%) | - | - | - |
| EBITDA (USD) | 2,261,091 | 4,157,777 | 4,607,000 | 8,333,424 | 2,634,370 | 4,444,956 | 5,995,572 | (7,679,105) | (17,014,712) | (7,684,716) | (7,265,152) | - | - | - |
| Operating Income (USD) | 2,240,732 | 4,093,379 | 4,492,267 | 8,179,332 | 2,411,607 | 4,201,692 | 5,779,306 | (8,269,144) | (18,009,623) | (8,765,077) | (8,599,981) | - | - | - |
| Operating Margin | 33.4% | 32.0% | 18.5% | 25.0% | 7.4% | 11.5% | 12.6% | (21.9%) | (44.9%) | (14.5%) | (18.6%) | - | - | - |
| % EBITDA Margin | 33.7% | 32.5% | 18.9% | 25.5% | 8.0% | 12.1% | 13.0% | (20.3%) | (42.4%) | (12.7%) | (15.7%) | - | - | - |
| NET Income (USD) | 1,633,285 | 3,042,464 | 3,360,726 | 6,050,061 | 1,877,852 | 3,470,453 | 4,515,419 | (5,980,651) | (20,148,389) | (8,326,357) | (8,462,898) | - | - | - |
| % Net Margin | 24.4% | 23.8% | 13.8% | 18.5% | 5.7% | 9.5% | 9.8% | (15.8%) | (50.2%) | (13.8%) | (18.3%) | - | - | - |
Greenbird Integration Technology AS - employee data
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