Tantalus Systems

HARNESS THE POWER OF DATA

General Information
Company Name
Tantalus Systems
Founded Year
1989
Location (Offices)
Raleigh, United States +3
Founders / Decision Makers
Number of Employees
204
Industries
Energy, Water
Funding Stage
Post Ipo Equity
Social Media

Tantalus Systems - Company Profile

Tantalus Systems is a technology company that has been on the scene since 1989, and its mission is to "HARNESS THE POWER OF DATA" in order to help utilities modernize their distribution grids. The company offers a comprehensive grid modernization platform that spans intelligent connected devices, communications networks, data management, enterprise applications, and analytics. By providing solutions that offer flexibility to utilities, Tantalus enables them to derive maximum value from their existing infrastructure investments while also preparing for future requirements. Tantalus primarily operates in the Energy and Water industries and is based in the United States. The company's most recent investment of $7.00M came in the form of a Post-IPO Debt investment on 30 June 2023, and it was made by Export Development Canada. This injection of funds represents a vote of confidence in Tantalus Systems' capabilities and signifies potential growth opportunities for the company. Tantalus Systems' dedication to leveraging data to modernize utilities' distribution grids positions it at the forefront of innovation in the energy and water sectors, making it an appealing prospect for potential investors.

Taxonomy: technology company, grid modernization, enterprise applications, utilities modernization, intelligent connected devices, communications networks, infrastructure investments, flexible solutions, future requirements

Funding Rounds & Investors of Tantalus Systems (6)

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Funding Stage Amount No. Investors Investors Date
Post-IPO Equity $10.00M - 08 May 2024
Post-IPO Debt $7.00M 1 30 Jun 2023
Post-IPO Equity $10.60M 5 Ventum Financial, Cormark Securities Inc. 12 Aug 2021
Venture Round $6.00M 2 vareco holdings 24 Feb 2017
Venture Round $13.48M 1 20 Jan 2010

View All 6 Funding Rounds

Latest News of Tantalus Systems

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No recent news or press coverage available for Tantalus Systems.

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