Atom Power Raises $17.75 Million in Funding to Scale Digital Power Management Platform | Electronics Maker

Atom Power [1], inventor of the
world’s first and only digital circuit breaker, today announced it
raised $17.75 million in Series B funding to build a future where power
is connected, managed, and used just like data on the Internet.
Investors in the Series B include Valor Equity Partners, Rockwell
Automation, Inc., ABB Technology Ventures, and Atreides Management. Atom
Power has raised $23 million in total funding, including a previous $3
million Series A in 2017.

Last year, Atom Power’s digital circuit breaker was the first of its
kind to be listed by UL [3], bringing power distribution to the digital
age for the first time. Unlike traditional circuit breakers, the device
intelligently manages the flow of power with software and
semiconductors, connects unlimited power sources into one point, and
dynamically switches between them based on need.

The latest funding will equip Atom Power to develop the next generation
digital circuit breaker, scale its intelligent power management
platform, and address the world’s most pressing power distribution
challenges, like integrating renewables into the grid, building more
efficient data centers, and supporting other sustainable energy
initiatives.

Looking ahead, Atom Power will apply its technology via advanced
e-mobility to dramatically shift how electric vehicle charging
infrastructure is deployed through inherent demand management that saves
energy and costs.

“Modern life is increasingly digital, yet the electrical
infrastructure powering our buildings has remained decidedly analog.
This poses huge challenges for supporting a smooth transition to
electrification, renewable energy, and electric vehicles,” said Ryan
Kennedy, CEO, Atom Power. “We need technology that gives us digital
control over when and how we use power. Last year, we made huge strides
when we introduced the first solid-state circuit breaker to market, and
we’re thrilled to continue building a future where energy is faster,
safer, and more reliable than ever.”

Atom Power’s intelligent product suite includes its digital circuit
breakers (Atom Switch), distribution panels (Atom Panel) and software
(Atom OS), which together form the fastest power distribution system in
existence. With circuit interruption capabilities up to 150,000-amps, a
single Atom Switch replaces the need for more than 100 products used in
commercial power today and mitigates explosions from electrical faults
like never before.