The advanced metering infrastructure (AMI) market is experiencing steady growth, driven by increasing demand for smart energy management, regulatory support, and a global push toward sustainability. As of mid-2025, the sector has raised over $13.58 Billion in public funding, led by major investments from tech giants and energy innovators. AMI solutions are redefining how utilities and consumers interact with energy systems, enhancing efficiency, enabling real-time monitoring, and integrating with distributed energy resources.
Key market trends:
1. Smart Metering: Smart meters remain the backbone of AMI, providing real-time energy usage data that enables informed decision-making by both utilities and consumers. This segment includes 155 companies and accounts for $5.51 Billion in total funding.
2. Demand Response Programs: These programs use real-time data to manage consumer electricity demand through automated control and pricing incentives. A smaller but highly capitalized segment, with 16 companies raising $7.91 Billion, shows the strong market belief in dynamic grid management.
3. Integration with Renewable Energy: With the rise of solar and wind generation, utilities are leveraging AMI data to better integrate renewables into the grid. This subspace, although smaller in company count (8), is key to the energy transition and has attracted $112.05 Million across 17 rounds.
Space snapshot:
- Total companies analyzed: 278
- Total funding raised: $13.58 Billion
- Median number of rounds raised per company: 2 rounds
- Median amount raised per company: $10.8 Million
- Median headcount: 31 employees
- Median age (Maturity): 21 years
- CAGR in companies for the last 5 years: 1.4%
- CAGR in funding for the last 5 years: 47.2%
- Companies based in the United States: 88%
The AMI space shows a striking disparity between company formation and funding growth. While company CAGR sits at a modest 1.4%, the funding CAGR is 47.2%, revealing strong investor confidence and increasing prioritization of grid modernization. Notably, 25% of companies in this space have raised at least one funding round, and top recipients include Oracle ($7.75B), Redaptive ($1.67B), and Dominion ($1.44B). New companies entering the space is limited with less than 10 per year over the past 20 years, however funding has exploded over the past few years.
Despite its maturity (median age of 21 years), the space is alive with innovation. Emerging technologies like virtual power plants (VPPs), peer-to-peer energy trading, and home energy management systems (HEMS) are reshaping the landscape. Other trending developments include predictive maintenance, grid resiliency, and advanced cybersecurity solutions for smart meters.
To fully explore this growing sector and uncover promising startups in AMI, request a demo of FounderNest today.
Companies that may catch your eye in this space:
1.Trilliant
Trilliant develops advanced metering infrastructure solutions and provides smart metering solutions that enable real-time data collection and analysis.
Headquarters: Redwood City, United States
Founded: 1995
Headcount: 251–500
Funding: $146.0M (3 rounds), Venture - Series Unknown, Dec 2010
Company website: https://trilliant.com
LinkedIn: https://linkedin.com/company/trilliant
Flume
Flume develops solutions for advanced metering infrastructure and smart metering, focusing on real-time monitoring of water utilization.
Headquarters: San Luis Obispo, United States
Founded: 2016
Headcount: 51
Funding: $7.5M (8 rounds), Venture - Series Unknown, Jun 2023
Company website: https://flumewater.com
LinkedIn: https://linkedin.com/company/flume-inc.
Energy Metering Technology
Energy Metering Technology develops advanced metering infrastructure solutions and provides smart metering systems that enable real-time monitoring of energy consumption.
Headquarters: Scotts Valley, United States
Founded: 1997
Headcount: 6
Funding: $15.0M (1 round), Venture - Series Unknown, Jan 2001
Company website: https://energymeteringtechnology.com
LinkedIn: https://linkedin.com/company/energy-metering-technology
Martinson Machine
Martinson Machine develops advanced metering infrastructure solutions and smart meters that enable real-time monitoring of energy consumption.
Headquarters: Gainesville, United States
Founded: 2020
Headcount: 3
Funding: $250K (1 round), Pre-Seed, Oct 2021
Company website: https://martinsonmachine.com/main.html
LinkedIn: https://linkedin.com/company/martinson-machine
Corinex
Corinex develops advanced metering infrastructure solutions and integrates renewable energy sources into the grid, supporting energy management and analytics.
Headquarters: Vancouver, Canada
Founded: 1999
Headcount: 63
Funding: $30.0M (1 round), Venture - Series Unknown, Apr 2025
Company website: https://corinex.com
LinkedIn: https://linkedin.com/company/corinex-communications
NEXGRID
NEXGRID develops advanced metering infrastructure solutions and offers smart metering products that enable real-time monitoring of energy consumption.
Headquarters: Locust Grove, United States
Founded: 2008
Headcount: 11–50
Funding: $2.25M (6 rounds), Seed ($250K), Nov 2010
Company website: https://nexgrid.net
LinkedIn: https://linkedin.com/company/2102253
SHYFT Power Solutions
SHYFT develops advanced metering infrastructure solutions and smart metering capabilities that provide real-time data on energy consumption.
Headquarters: Oakland, United States
Founded: 2016
Headcount: 10
Funding: $4.2M (7 rounds), M&A, Nov 2024
Company website: https://shyftpower.com
LinkedIn: https://linkedin.com/company/shyftpower
Enetics
Enetics develops advanced metering infrastructure solutions and manufactures smart meters that provide real-time data on energy consumption.
Headquarters: Victor, United States
Founded: 1996
Headcount: 11–50
Funding: $437K (3 rounds), Grant ($149K), May 2001
Company website: https://enetics.com
LinkedIn: https://linkedin.com/company/enetics-inc-
Carina Technology
Carina Technology develops advanced metering infrastructure solutions and offers demand response capabilities, enabling efficient energy management.
Headquarters: Huntsville, United States
Founded: 2003
Headcount: 18
Funding: $1.94M (2 rounds), Venture - Series Unknown ($1.5M), Jan 2010
Company website: https://carinatek.com
LinkedIn: https://linkedin.com/company/carina-technology-inc.
Envocore
Envocore develops advanced metering infrastructure and smart metering solutions that enable utilities to monitor energy usage effectively.
Headquarters: Gambrills, United States
Founded: 1993
Headcount: 99
Funding: $4.06M (1 round), Venture - Series Unknown, Jul 2018
Company website: https://envocore.com
LinkedIn: https://linkedin.com/company/envocore
Grid4C
Grid4C develops advanced metering infrastructure solutions and utilizes smart meters to analyze energy consumption data, providing valuable insights.
Headquarters: Austin, United States
Founded: 2013
Headcount: 8
Funding: $12.5M (4 rounds), M&A, Mar 2025
Company website: https://grid4c.com
LinkedIn: https://linkedin.com/company/grid4c
Triacta Power Technologies
Triacta develops advanced metering infrastructure solutions and provides smart metering capabilities that enable real-time monitoring of energy consumption.
Headquarters: Carleton Place, Canada
Founded: 2003
Headcount: 33
Funding: $8.39M (2 rounds), M&A ($7.5M), Jun 2015
Company website: https://triacta.com
LinkedIn: http://www.linkedin.com/company/triacta-power-technologies
Conclusion
The advanced metering infrastructure (AMI) space is steadily expanding, driven by the global push for smarter energy systems, increased energy efficiency, and the integration of renewable resources. With the development of intelligent smart meters, demand response programs, and energy data analytics, AMI technologies are reshaping how utilities and consumers interact with the grid. As regulatory support strengthens and investment continues to rise, the sector is poised for further growth. We can expect continued innovation and broader adoption that will ultimately lead to more resilient, efficient, and sustainable energy systems worldwide.
With FounderNest, we give you the best company scouting tool and give you valuable market intelligence.
Comprehensive market coverage: 50m+ companies, 10bn+ data points and 300m+ smart insights - all in one platform.
Spaces: Create a detailed market space using our AI prompts so you cut out the noise and focus on the companies that matter.
Key Contacts: Identify key decision-makers and their contact details using AI so you only get in touch with the ones that you'll gain most engagement from.
Funding: Get a clear picture of the funding rounds and their investors for each company in seconds.
… and much much more!
