What Oktogrid does

Oktogrid is a Copenhagen-based IoT company that digitizes electricity distribution and transmission transformers through a non-invasive sensing hardware-plus-software platform. Its flagship Data Collector™ device attaches magnetically to any transformer in under ten minutes — without tooling or power outage — and uses electromagnetic, vibration, ultrasonic acoustic, and thermal sensors feeding an ARM M4 edge processor with 4G/LTE-M cloud connectivity. The Data Access™ API delivers over 219,730 transformer-specific data points per sample in time-synchronized packages, while the Asset Monitor™ SaaS dashboard visualizes performance and alerts. Analytics include dynamic thermal rating, early fault detection, loss-of-life tracking, and overload forecasting, with ML-based optimization of IEEE/IEC thermal models.

The company sells to electric utilities (DSOs/TSOs), industrial manufacturers, and energy-transition players across Europe and Latin America through direct enterprise sales, with dedicated Account Executives for Southern Europe and DACH and a Partner Account Manager for strategic accounts. Pricing is quote-based on multi-year enterprise contracts and is not publicly disclosed. The revenue model combines one-time Data Collector hardware sales with recurring subscriptions for Data Access and Asset Monitor. Notable customers include Transelec (Chile), N1 (Denmark), HEXPOL (global industrial rollout), The Green Box Cleantech Campus, and listed trusted-partner relationships with E.ON, Elia Group, and Iberdrola.

Oktogrid raised €3 million in seed funding in December 2022 led by Redeia's corporate venture arm Elewit, with ABB, Vaekstfonden, EMD Fonden, and Rockstart as additional investors. The company operates with a small team (~17 people listed on About page), is led by CEO Golam Sadeghnia and CCO Olaf Knijn, and is hosted on AWS infrastructure. Its core strategic positioning rests on three facts: 80% of Europe's low-voltage distribution grid is digitally disconnected, 70% of distribution transformers are over 30 years old, and electrification is outpacing conventional inspection methods.

Name

Oktogrid

Legal name

Oktogrid

Website

https://oktogrid.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Oktogrid provides non-invasive IoT hardware and SaaS analytics to digitize electricity transformers, enabling utilities and industrial operators to monitor health, capacity, and faults in real time without taking assets offline. It sells to DSOs, TSOs, and industrial firms across Europe and Latin America.

Ownership category

akta.pro rank

Product category

Transformer Monitoring Hardware

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices) (EUADAJAD)

akta.pro secondary industries

Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT) (EUADAPAI), Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM), Non-Destructive Testing (NDT) & Diagnostics (IR/UV, PD, vibration, acoustic) (EUADAJAE)

Keywords

• Transformer monitoring systems
• IoT sensor technology
• Grid asset management
• Predictive maintenance software
• Smart grid analytics

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain

Revenue model

1. Data Collector Hardware: Sale of Data Collector™ hardware devices - specialized IoT sensing units that attach to transformers. Hardware includes sensors, edge processor, modem, and power options. One-time hardware purchase with potential for recurring service subscriptions.
2. SaaS Platform - Data Access: Data Access™ product provides API connection to transformer data for asset managers and data scientists. Cloud-based data delivery with time-synchronized data packages accessible via RESTful APIs.
3. Asset Monitor SaaS: Asset Monitor™ provides dashboards and analytics for monitoring transformer performance with simple, easy to understand charts. Subscription-based access to visualization and alerting.
4. Analytics and Insights: Ready-for-use analytical applications including grid frequency analysis, harmonics analysis, load profile monitoring, early fault detection, dynamic thermal rating, loss of life tracking, and overload forecasting.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Oktogrid develops and sells IoT-based transformer monitoring solutions comprising the Data Collector™ hardware sensor, the Data Access™ RESTful API platform, and the Asset Monitor™ visualization dashboard. The non-invasive sensors attach magnetically to electricity transformers in under 10 minutes, collecting electromagnetic, vibration, acoustic, and thermal data streamed via 4G/LTE-M to the cloud for predictive analytics, early fault detection, and dynamic thermal rating.

Product overview

Oktogrid offers a three-product portfolio for digitalizing electricity transformers: Data Collector™ (hardware sensor unit), Data Access™ (API data service), and Asset Monitor™ (visualization dashboard). Data Collector™ attaches magnetically to any transformer in under 10 minutes to harvest real-time performance data via electromagnetic field, vibration, acoustic, and thermal sensors. This data feeds both Data Access™ for technical data teams and Asset Monitor™ for operational monitoring, enabling predictive maintenance, dynamic thermal rating, and early fault detection.

Differentiator

Problem solved

Functional benefit

Brands

• Data Collector™: Hardware device that brings transformers online in less than ten minutes, collecting performance data through non-invasive sensors including 3-axis magnetic field, vibration, acoustic, and temperature sensors.
• Data Access™
• Asset Monitor™

Products and services

• Data Collector™ Non-invasive IoT sensing and processing unit that measures transformer electromechanical and thermodynamic performance via 3-axis magnetic field (1,000 Hz, 1.5 mgauss sensitivity), 3-axis vibration (27 kHz, 60 µg/√Hz), ultrasonic acoustic emission (192 kHz), and temperature sensors. Installs magnetically in under 10 minutes with IP67 rating, edge processing on ARM M4, and 4G/LTE-M cloud connectivity. Designed for electricity utilities, DSOs, TSOs, and industrial asset operators needing real-time transformer visibility.
• Data Access™ RESTful API platform providing structured access to over 219,730 transformer-specific data points per measurement sample, assembled in time-synchronized data packages. Built for asset managers and data science teams who need to integrate transformer performance data into their own systems and analytics workflows.
• Asset Monitor™ Cloud-based monitoring dashboard presenting transformer performance data through simple charts with event information, trend visualization, and notifications. Designed for operational teams needing straightforward visual access to transformer health without building custom analytics.

Quantifiable outcome

• Installation time reduced to under 10 minutes with no outage required vs. traditional methods requiring shutdowns
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core and minor.

• HEXPOLcoreStrategic or Co-development Partner · 17 February 2026Strategic partnership for global deployment of transformer monitoring across HEXPOL's worldwide production facilities. Establishes standardized, group-wide approach to monitoring critical electrical assets. Oktogrid provides 24/7 transformer condition visibility, early risk detection, and improved planning for maintenance and asset renewal.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure provider. Oktogrid's infrastructure is hosted on AWS, which holds ISO27001 certification, CSA STAR Level 1, and compliance with IEC 62443-3-3 and NIST 800-64 standards.
• Nearby ComputingminorStrategic or Co-development PartnerElewit portfolio company. Q1 2026 Elewit portfolio news mentions collaborations involving Nearby Computing and Orange alongside Oktogrid partnerships.
• Transelec VenturescoreStrategic or Co-development PartnerTranselec's innovation vehicle partnered with Oktogrid to find digital solutions and AI tools for asset data usage and inspection. Pilot project implemented Oktogrid's solution across Transelec's transformer fleet in Chile.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ABB: Global electrification and grid-technology incumbent that both competes with and has invested in Oktogrid. ABB Ability Asset Suite and transformer monitoring offerings overlap directly with Oktogrid's Data Collector and Asset Monitor products, but as part of a much broader portfolio serving utilities.
• Siemens Smart Infrastructure: Siemens' Smart Infrastructure division provides grid management software, substation automation, and transformer monitoring solutions through its Gridscale X and SICAM product lines, competing broadly with Oktogrid in utility asset monitoring.
• Hitachi Energy: Global grid and transformer solutions provider (formerly ABB Power Grids) offering transformer monitoring as part of its Lumada asset performance management suite. Comparable as a broad incumbent with overlapping transformer monitoring capabilities.
• Qualitrol (GE Vernova): Owned by GE Vernova, Qualitrol is one of the most established providers of transformer condition monitoring instruments and dissolved gas analysis systems used by utilities worldwide. Directly comparable product line to Oktogrid's Data Collector for substation and power-transformer monitoring.
• Schneider Electric: EcoStruxure platform provides transformer and electrical asset monitoring as part of its broader energy management suite for utilities and industrial customers. Overlaps with Oktogrid on condition monitoring and analytics but at much broader scale.

Emerging players

• Viper Innovations: UK-based specialist in cable and transformer condition monitoring with V-Live and CellSense product lines for partial discharge and thermal monitoring. Comparable emerging specialist serving similar utility customers with adjacent transformer monitoring capabilities.
• Power Factors: Renewable asset performance management platform extending into broader energy asset monitoring including electrical infrastructure. Comparable as an emerging SaaS player bringing analytics to utility asset management workflows.

Direct peers

• Synaptec: UK-based developer of distributed sensing systems using passive electrical, vibration, and temperature sensors for power network monitoring including transformers and cable networks. Directly comparable in technology stack and target market to Oktogrid.
• Dynamic Ratings: Specialist provider of transformer and cable monitoring solutions, including dynamic thermal rating, partial discharge, and bushing monitoring sensors. Closely aligned with Oktogrid's transformer-focused condition monitoring and analytics offering.
• Sensen Networks: Australia-origin transformer monitoring specialist focused on low-cost retrofit sensing for distribution transformers, comparable in product scope to Oktogrid's Data Collector and in customer base (DSOs and utilities).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/oktogrid

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oktogrid