David Balensiefen (Co-Founder, CEO) Louisa Summer


Integrated Hard- and Software for Digitizing Devices in IoT

Founded in 2016
25 employees
Funding: Undisclosed
Stage: Series A

gridX platform is the technical enabler for all future business models along the entire (energy) value chain. gridBox, a manufacturer-independent communication gateway, provides the basis for integrating all decentralized assets, enables interoperability, and delivers a comprehensive platform as a service (PaaS) for rapidly developing and operating big data, predictive analytics, AI/machine learning, and IoT-Saas applications. Website
Highlight of the year: Launching the first product.

Interview with gridX

What inspired you to found your startup?

I noticed that most small production units aren’t intelligently connected to the energy grid. Hence, neither the network operator nor the energy supplier know the exact location or amount of energy production. This is where the solution and foundation of gridX came in place.

How are you different? What is your unique value proposition?

To date, gridX is the mostst developed platform that enables the management and administration of decentralized energy units, and it is used by major companies.

How do you define success for yourself and your company?

With endeavored, happy, and trustworthy colleagues the main driver of a company’s success can be reached: gaining impact.

What do you want to achieve next year?

We aim at enlarging this lead and attracting more big companies with market-adapted products and services by gridX.

Why do people want to work at your company?

Employees who are happy on- and off-work deliver the best results and improve the working climate. In order to achieve that, gridX offers a healthy work-life balance.

What has been the most important milestone so far?

The product launch and getting our first customers were the most important milestone so far. After only a few months, we received the Digital Energy Award in the category of “Customer Engagement.” Furthermore, a big OEM became a customer of gridX and rolled out our product to its customers.

Looking back at your whole development story — what makes you most proud?

To have the best team you can think of! This is really something I can’t appreciate enough: that everybody does his or her best to create an amazing product and working atmosphere.

Where do you see your company in 5 years?

In 5 years, gridX will be the leading device services platform, helping thousands of companies to realize energy IoT-projects, to create new business models, and to make IoT projects more efficient and easy.

What is your impression of launching a startup from your based city?

It was definitely a good decision to start gridX in Aachen, as it is home to one of the largest technical universities in Germany and produces great engineers.

What is your impression of the german startup scene? Would you change anything?

So far, I’m quite glad that we founded gridX in Germany. One thing I would like to change is that founders and investors have more courage to think big!

gridX was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.

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