Changing dynamics of the electric grid require improved technology to manage increased complexity and maintain grid stability. The introduction of renewable energy generation, plug-in electric vehicles, increased non-linear loads on the grid, and other trends, have created the need for intelligent, fast responding and high performance equipment driven by advanced power electronics. Varentec develops innovative, compact and high performance power electronics and total systems for electric grid and industrial applications
Company Growth (employees)
Type
Private
HQ
Santa Clara, US
Founded
2009
Size (employees)
35 (est)+3%
Varentec was founded in 2009 and is headquartered in Santa Clara, US

Key People at Varentec

Mehrdad Hamadani

Mehrdad Hamadani

VP Engineering, Product Development, & Co-Founder

Varentec Office Locations

Varentec has an office in Santa Clara
Santa Clara, US (HQ)
3200 Patrick Henry Dr

Varentec Metrics

Summary Metrics

Founding Date

2009

Total Funding

$41.9 m

Latest funding size

$13 m

Time since last funding

over 1 year

Investors

Varentec's latest funding round in November 2015 was reported to be $13 m. In total, Varentec has raised $41.9 m

Varentec News

Varentec Company Life

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