What CrescoNet does

CrescoNet is a private, profitable technology company that provides AI-native, cloud-native smart metering infrastructure for electricity, water, and gas utilities. Its platform combines cellular AMI endpoints and grid-edge network cards with a cloud-based data and AI platform and the proprietary deX Edge Platform, which runs distributed energy resource management, demand response, and load control directly at the meter. The company positions itself as an open, standards-based alternative to legacy proprietary AMI vendors, with meter-agnostic and carrier-agnostic hardware, AES-256 encryption, ISO 27001 certification, and an evergreen architecture intended to extend infrastructure lifespan without rip-and-replace cycles.

CrescoNet sells through enterprise field sales into large utility operators globally — directly across electricity, water, and gas — and through its Gridwide Services brand, which wraps the technology into a contractually SLA-backed managed infrastructure service. Revenue is generated from a mix of hardware sales (cellular endpoints, meters, network cards), recurring SaaS subscriptions for the cloud data and AI platform and Meter Data Management, multi-year managed-services contracts via Gridwide, and professional services for deployment and integration. The platform currently processes roughly 5 billion meter reads per day across more than 3 million meters under management, with operations spanning North America, the UK, Australia, New Zealand, broader Europe, and Asia.

The company traces its origins to a 2013 technology division inside Landis+Gyr and later Intellihub, where the founding team led Australia's Power of Choice rollout. It invested in AetherOS in 2018 to extend edge-compute capabilities, acquired Smart Earth Technologies in July 2021 to enter the water-utility vertical with reach into more than 100 water utilities, received private equity investment from Brookfield Asset Management in May 2022 to fund North American expansion, and was spun out as a standalone company in 2022. It is backed by Brookfield and PEP and is led by CEO Adrian Clark.

Name

CrescoNet

Legal name

CrescoNet LLC

Website

https://cresconet.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

CrescoNet provides AI-native, cloud-native smart metering hardware, software, and managed services for electricity, water, and gas utilities, offering meter-agnostic cellular endpoints and an AI platform processing 5 billion reads daily across 3M+ managed meters globally.

Ownership category

akta.pro rank

Product category

Smart Metering Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Computer Communications Equipment (3576)

akta.pro primary industry

Industry-Specific CRM (Vertical CRM Suites) (HDAEAFAH)

akta.pro secondary industry

Field Service CRM (Dispatch, Scheduling & Mobile Service) (HDAEAFAL)

Keywords

• Smart metering software
• Advanced metering infrastructure
• Utility IoT platform
• Grid edge intelligence
• Cellular AMI endpoints

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Hardware Sales: Sale of cellular AMI endpoints, meters, and other remote telemetry and control devices
2. Software/SaaS Platform: Cloud-native software platform for meter data collection, validation, analytics, and grid management. Includes AMI applications, Meter Data Management, and edge applications.
3. Managed Services (Gridwide): Long-term managed infrastructure service where CrescoNet designs, deploys, and operates the platform. Delivered as a service with contractual SLAs.
4. Professional Services: Implementation, deployment, and integration services for utility customers

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

CrescoNet provides AI-native, cloud-native smart metering hardware and software for electricity, water, and gas utilities. Its portfolio combines cellular AMI endpoints and Grid Edge Network Cards with a Cloud Data & AI Platform and deX Edge Platform, and is also delivered as a turn-key managed service called Gridwide Services. The platform processes 5 billion meter reads per day across 3M+ meters globally.

Product overview

CrescoNet is an AI-native smart metering technology company offering hardware and software solutions for electricity, water, and gas utilities. The portfolio consists of cloud-native software platforms (Cloud Data & AI Platform, deX Edge Platform) paired with cellular endpoints and network hardware (Grid Edge Network Cards, Water/Gas AMI endpoints), all wrapped in a managed service offering called Gridwide Services. The platform processes billions of meter reads daily across 3M+ meters managed globally, supporting utilities in North America, Australia, New Zealand, Asia, and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Gridwide: Managed AMI 2.0 service brand that designs, deploys, and operates AI-native technology as a managed, long-term service for utilities. Gridwide wraps CrescoNet's technologies into a turn-key service offering.

Products and services

• deX Edge Platform Edge applications platform that runs distributed energy resource management, demand response, and load control directly at the meter, enabling control of solar export, EV charging management, battery dispatch, and behind-the-meter generation orchestration for utility operators.
• Grid Edge Network Cards Network interface cards supporting public and private networking options with embedded compute that pushes advanced AI and analytics to the grid edge, enabling real-time monitoring, outage detection, and power quality calculations for utility operators.
• Cloud Data & AI Platform Cloud-native platform that collects, validates, and analyzes billions of meter reads per day, including open vendor-agnostic meter head end, AMI applications, and Meter Data Management supporting time-of-use, dynamic pricing, and advanced tariff structures for utilities.
• Water AMI Solution Cellular AMI endpoints, meters, and remote telemetry devices paired with a cloud-native software suite, purpose-built to turn meter and event data into actionable insights for water utilities through District Metering Analysis and configurable alerts.
• Gas AMI Solution Evergreen, meter-agnostic gas monitoring solution with cellular endpoints engineered to Class 1 Division 1 safety standards, working with all leading gas meters for retrofit, new install, or mid-project transition.
• Gridwide Services Managed service offering that designs, deploys, and operates AI-native AMI 2.0 technology, providing contractually-backed service levels including 99.7% next-day 6am regulatory SLA, continuous monitoring, evergreen architecture, and lifecycle economics for utilities that prefer not to build and run platforms themselves.

Quantifiable outcome

• 99.7% next day 6am regulatory SLA
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• Smart Earth TechnologiescoreTechnology or Integration · 13 July 2021Smart Earth Technologies is a Carlsbad-based LTE and 5G products developer for water utilities, acquired by CrescoNet. SET has supplied products to over 100 water utilities and infrastructure providers worldwide.
• AetherOScoreTechnology or Integration · 1 January 2018AetherOS is a Silicon Valley IoT company specializing in cellular and edge computing, invested in by CrescoNet in 2018.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Itron: Itron is the largest dedicated smart metering and AMI vendor globally, with multi-million endpoint deployments across electricity, water, and gas utilities. CrescoNet competes head-to-head with Itron in cellular AMI and meter data management, though CrescoNet is open/meter-agnostic versus Itron's more vertically integrated stack.
• Landis+Gyr: Landis+Gyr is a top-tier global AMI and smart metering vendor and is also CrescoNet's technological lineage (CrescoNet originated as Landis+Gyr's tech division). They compete directly in electricity AMI and meter data management, especially across Europe, Australia, and North America.
• Sensus (Xylem): Sensus, owned by Xylem, is a major AMI and smart water metering vendor serving electricity, gas, and water utilities. Overlap with CrescoNet is strongest in water AMI and smart grid communications, making Sensus a direct competitor on multi-vertical utility deals.
• Aclara (Hubbell): Aclara, a Hubbell company, provides AMI solutions for electric, gas, and water utilities with a focus on endpoint hardware and meter data management. Aclara is a direct peer to CrescoNet in the mid-market utility AMI space, particularly in North America.
• Kamstrup: Kamstrup is a European-headquartered smart metering vendor for electricity, water, and heat, with strong cellular AMI capabilities. It is a direct peer to CrescoNet on multi-utility metering and on the open/standards-based positioning versus legacy vendors.
• Badger Meter: Badger Meter is a leading smart water metering and AMI vendor, particularly strong in North American water utilities. CrescoNet's Water AMI Solution (and Smart Earth Technologies acquisition) directly competes with Badger Meter's cellular AMI endpoints and analytics.

Emerging players

• Trilliant Networks: Trilliant provides AMI communications networks and platforms to utilities globally. It overlaps with CrescoNet in cellular and hybrid AMI communications, but is a smaller emerging player rather than a full-stack AMI incumbent.
• Tantalus Systems: Tantalus provides smart grid and AMI solutions primarily to small and mid-sized North American electric and water utilities. It is an emerging peer in the same open, IP-based AMI category as CrescoNet, though with a smaller footprint.

Broad incumbents

• Honeywell Smart Energy: Honeywell's Smart Energy portfolio includes AMI, SCADA, and grid management software aimed at utilities globally. It is a broad incumbent with overlapping capabilities to CrescoNet's stack, but as part of a much larger industrial conglomerate.
• Siemens Smart Infrastructure: Siemens Smart Infrastructure offers grid software, AMI, and energy management products to utilities. It is a broad incumbent competitor to CrescoNet at the high end of the market, with overlapping capabilities in grid edge intelligence and DER management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A1 record

Investments

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

Frequently asked questions about CrescoNet