IONATE
IONATE is a climate tech company in Edinburgh, United Kingdom, founded in 2019. It has raised $21.2M across 2 rounds, most recently a $17.0M Series A in 2025 (est.).
Smart transformers at the edge. AI coordination across the system.
- Headquarters
- Edinburgh
- Employees
- 11–50
- Founded
- 2019
- Business Model
- B2B
- Website
- ionate.energy
- Total Funding
- $21.2M
- Last Round
- $17.0M Series AJan 2025
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 4 investors for this company. The full record is or through the API.
About
IONATE is a deep-tech innovator building the technology backbone for smart electricity grids. The company develops Hybrid Intelligent Transformers (HIT) — an all-in-one hardware-software solution that equips electricity grid operators with real-time power flow control, monitoring, and data capabilities. Founded in 2019 by Matthew Williams, Luca Mezossy-Dona, and Roberto Ricci, IONATE's transformers are designed to make grids radically more efficient, adaptable, and resilient as they integrate growing shares of renewable energy and AI-driven data center loads. The platform combines smart transformer hardware at the grid edge with AI coordination software across the broader system, enabling utilities and energy companies to manage the evolving demands of decarbonization and electrification. IONATE has raised over $21 million including a £3.3M seed round led by IQ Capital and a $17M Series A, and has partnered with major utilities including EDP to test its grid technology in production environments.
Summary
It lists 11–50 employees. It has raised $21.2M in total across 2 rounds, most recently a $17.0M Series A round in 2025 (est.). Investors include AlbionVC, IQ Capital Partners and In-Q-Tel.
Tech & App Stack
4 technologies & apps tracked
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Funding History
2025 (est.)
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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