Fundraising Fox

Kevala

San Francisco, US · Founded 2014 · Delaware corporation · 49 employees on LinkedIn · 3 known investors

Kevala operates a cloud-based platform that uses energy data analytics to model the electrical grid, forecast electrification impacts, and support siting of solar and storage projects. It serves governments, utilities, and renewable energy developers to guide grid infrastructure investment and integrate distributed energy resources.

Also known as Kevala Inc. · Kevala, Inc.

Founders & leadership

Kevala was founded in 2014 by ARAM SHUMAVON.

ASARAM SHUMAVON
ARAM SHUMAVONinFounder

Board

MF
MARK FERRONBoard director

Investors · 3

Reported raises · per SEC filings

Form D private placements

$30M disclosed across 3 of 4 rounds · 2021–2024

$14.8MraisedJun 2024 · 38 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • MARK FERRONDirector
  • ARAM SHUMAVONExecutive Officer, Director, Promoter
  • KURT SCHERERDirector
Offering amount
$18.4M
Amount sold
$14.8M
First sale
May 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.3MraisedSep 2022 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ARAM SHUMAVONExecutive Officer, Director
  • KURT SCHERERDirector
  • MARK FERRONDirector
Offering amount
$10M
Amount sold
$2.3M
First sale
Aug 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$12.9MraisedApr 2021 · 31 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • MARK FERRONDirector
  • ARAM SHUMAVONExecutive Officer, Director, Promoter
Offering amount
$17.4M
Amount sold
$12.9M
First sale
Mar 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Kevala is a data and analytics company that builds software for modeling, planning and forecasting the electric distribution grid. Its cloud-based platform combines grid network models, address-specific geospatial data and hyper-granular time series data with data science, engineering and economics to give energy market participants visibility into grid infrastructure, load, carbon intensity, market conditions, customer behavior and environmental conditions.

Platform capabilities include a map-based interface for searching grid assets, analysis of distributed energy resource (DER) adoption trends across solar, storage and electric vehicles, site identification and analysis for renewable development, power flow analysis and scenario modeling, and locational carbon intensity measurement. Additional modules cover rate analysis, non-wires alternatives and fleet electrification. Time series scenarios are designed to be compatible with industry planning tools including CYME, Synergi, PSS/E and OpenDSS. Packaged solutions are marketed as Integrated Grid Planning, Project Siting and Electrification Impacts Study, the last of which analyzes electrification impacts down to the premise level.

Alongside software, Kevala produces white papers and studies on grid topics, including a bottom-up load forecasting and electrification impacts cost study for the California Public Utilities Commission, a multi-state transportation electrification impact study for the U.S. Department of Energy, work on virtual power plants, distribution capacity expansion planning, inclusive utility program design, and localized carbon intensity accounting.

Founding story

Kevala was founded in 2014 by Aram Shumavon, a market design economist who had worked at the California Public Utilities Commission and concluded that a future with high penetration of distributed energy resources would require new tools for grid planning and management.

Business model

Kevala sells data, analysis and attendant consulting services through subscription and API licensing to its platform products. Clients can license the software for independent use or engage Kevala's subject-matter experts for customized support and integration into their existing workflows.

Subscription and API licensing of platform products, plus consulting and professional/advisory services.

Traction

Publicly referenced engagements include studies for the California Public Utilities Commission and the U.S. Department of Energy, two DOE CESER project awards, and customer or partner statements from Exelon Corporation and National Grid. External listings place headcount in the 51-99 range.

Latest developments

Recent published outputs include a 2026 analysis of California investor-owned utility grid capacity to serve local load with distributed solar-plus-storage during summer peak and net peak hours, and 2024 reports on inclusive utility program designs for disadvantaged communities, customer-facing utility program designs and pricing, virtual power plants, and a DOE multi-state transportation electrification impact study.

Full profile — market position, technology, go-to-market, geography, history

Market position

Kevala positions itself as a provider of integrated grid analytics for decarbonization, serving utilities, regulators and developers, and has been engaged on regulatory and federal studies including work for the California Public Utilities Commission and the U.S. Department of Energy. Executives at Exelon and National Grid have publicly referenced partnerships with the company.

Kevala emphasizes a single integrated analytics environment that combines physical grid modeling (power flow) with econometric, environmental, built-environment, behavioral and socioeconomic data, delivering street-level views of the distribution grid and locational carbon intensity rather than separate point tools.

Technology

A cloud-based analytics platform that integrates address-specific geospatial data, distribution network models and hyper-granular time series data. It supports power flow analysis and scenario modeling, DER adoption trend analytics, locational carbon intensity calculation, and site identification, and produces time series scenarios compatible with CYME, Synergi, PSS/E and OpenDSS. The company holds a SOC 2 Type I certification from an independent third-party auditor under the AICPA's SOC for Service Organizations framework.

Go-to-market

Direct enterprise sales anchored on demo requests through the company website, segmented landing pages for utilities, regulators and government, developers and transportation innovators, and credibility built through published white papers, regulatory studies and government project work. Named partners and customer references include Exelon Corporation and National Grid.

Utilities, regulators and government agencies, community choice aggregators, third-party aggregators, solar and storage developers, PV developers, electric vehicle manufacturers, charging infrastructure developers, and transportation-focused organizations.

Geography

Headquartered in San Francisco, California, with a remote-first workforce distributed across the United States. Work referenced includes California utility and regulatory studies and multi-state U.S. Department of Energy analyses.

History

Following its 2014 founding, Kevala published research on localized carbon intensity accounting (2021) and distribution capacity expansion planning (2022), announced a $21 million Series A in August 2021, delivered Part 1 of the CPUC Electrification Impacts Study in 2023, was selected for two U.S. Department of Energy CESER projects in 2023, and released a multi-state transportation electrification impact study for the DOE in 2024.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employee count rangeJan 202651-99 employees
HeadcountAug 202649

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Kevala for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
Mar 2024
Publication of DOE Multi-State Transportation Electrification Impact Study

Kevala published a white paper covering a multi-state transportation electrification impact study for the U.S. Department of Energy.

source ↗

Sep 2023
Kevala wins two U.S. Department of Energy CESER projects

Kevala was selected for two projects with the U.S. Department of Energy's Office of Cybersecurity, Energy Security, and Emergency Response (CESER).

source ↗

May 2023
Publication of CPUC Electrification Impacts Study Part 1

Kevala published Part 1 of the CPUC Electrification Impacts Study, covering bottom-up load forecasting and system-level electrification impacts cost estimates.

source ↗

Aug 2021
Kevala announces $21 million Series A

Kevala Inc. announced $21 million in Series A funding to improve tools for managing energy grid infrastructure.

$21M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
KevalaDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Kevala do?
Kevala is a San Francisco energy data and analytics company whose cloud platform models and forecasts the electric grid.
Who founded Kevala?
Kevala was founded by ARAM SHUMAVON in 2014.
Who are Kevala's investors?
Kevala's investors include Constellation Technology Ventures, Thin Line Capital, C5 Impact Partners.
How much funding has Kevala raised?
Kevala has disclosed $30M raised across 3 of its 4 known rounds.
Where is Kevala headquartered?
Kevala is headquartered in San Francisco, US.