eSmart Systems logo — Grid Vision® built by eSmart Systems is transforming the way...

eSmart Systems

Grid Vision® built by eSmart Systems is transforming the way utilities inspect and maintain critical infrastructure.

Founded 2012 Norway Norway 116 employees Venture round Total: $324.00M AI, Analytics +3

General Information

Company Name eSmart Systems
Founded Year 2012
Location Norway Norway
Founders / Decision Makers
Team member Team member Team member Team member
Employees 116
Industries AI, Analytics, IT +2
Funding Stage Venture round
Business Model B2B, SaaS
Revenue Model Subscription, Usage Based, Service Fee
Social

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About eSmart Systems

eSmart Systems, founded in 2012 and headquartered in Norway, is a pioneering force in transforming utility infrastructure maintenance. Their flagship solution, Grid Vision®, is leading the charge in the digitalization of overhead line and substation inspections. With its data-driven, condition-based methodology, Grid Vision® empowers transmission and distribution operators to enhance inspection processes.

Employing collaborative AI, Grid Vision® combines deep learning, advanced software tools, and human expertise for precise and efficient inspections. The service connects visual insights to real assets, detects defects, and provides actionable analytics that increase safety, reduce costs, and extend the lifespan of critical infrastructure.

As of the latest Venture Round investment on 28 October 2024, eSmart Systems secured €30.00M from a notable consortium of investors: Energy Impact Partners, Future Energy Ventures, Tilt Capital Partners, Quanta Services, Nysnø, Kongsberg, Equinor Ventures, and Arosa Capital Management, underscoring strong market confidence in their innovative approach.

Taxonomy: utility asset inspections, overhead line inspection, substation inspection, AI-driven software solutions, condition-based maintenance, collaborative artificial intelligence, deep learning integration, predictive maintenance, image analytics, IoT and Big Data analytics, real-time data processing, advanced optimization models, cloud-born platform, data harmonization

Services & Products

Virtual Grid Asset Inspection
Image-based Digital Inventory
AI-Based Grid Management
Digital Approvals & Access Permits
Inspection-as-a-Service
Software-as-a-Service

Target Customers

Power Grid Operators Utility Companies Infrastructure Managers Engineering Firms Data Capture Firms

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round €30.00M 8
Energy Impact Partners, Future Energy Ventures +6
28 Oct 2024
Series B €40.00M 6
Energy Impact Partners, Future Energy Ventures +4
21 Aug 2022
Venture Round $34.00M 5
Energy Impact Partners, Future Energy Ventures +3
26 Jun 2019
Venture Round kr120.00M -
16 Jan 2019
Venture Round kr100.00M 1
Kongsberg Gruppen
02 Jan 2017
Non Equity Assistance Undisclosed 1
VentureOut
22 May 2014
Seed Round Undisclosed 1
Level39
01 Jan 2013

eSmart Systems Alternatives & Competitors

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eSmart Systems vs
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eSmart Systems vs

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eSmart Systems vs
Preteckt
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FAQ About eSmart Systems

Grid Vision® built by eSmart Systems is transforming the way utilities inspect and maintain critical infrastructure.
eSmart Systems was founded in 2012.
eSmart Systems is headquartered in Norway.
eSmart Systems operates in AI, Analytics, IT, Information Technology and Internet. Its work centres on utility asset inspections, overhead line inspection, substation inspection and AI-driven software solutions. Its customers include Power Grid Operators, Utility Companies and Infrastructure Managers.
eSmart Systems has a B2B and SaaS business model. Its revenue comes from Subscription, Usage Based and Service Fee.
eSmart Systems has approximately 116 employees.
eSmart Systems has completed 7 funding rounds, raising a total of $324.00M. The latest funding stage is Venture round.
eSmart Systems offers: Virtual Grid Asset Inspection, Image-based Digital Inventory, AI-Based Grid Management, Digital Approvals & Access Permits, Inspection-as-a-Service, Software-as-a-Service.
Top alternatives and competitors to eSmart Systems include Bomensoft, Ekkono Solutions, Preteckt, Emagin, an Innvovyze Company, Presenso. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
eSmart Systems and Bomensoft are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for eSmart Systems, https://bouncewatch.com/company/esmart-systems, updated 2 April 2026. When citing, please name BounceWatch and link this page.

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