NovaTech, LLC

About

NovaTech, LLC provides innovative automation solutions specifically designed for electric utilities, enhancing the efficiency and reliability of power management systems.NovaTech, LLC focuses on delivering automation solutions for electric utilities. The company is based in Kansas City, US. In March 2025, NovaTech raised venture funding from Ben Franklin Technology Partners and Lehigh University. Founded by individuals with a history in the tech sector, NovaTech operates with a singular focus and has successfully completed one deal as of the latest data.NovaTech Automation specializes in providing advanced automation solutions tailored for electric utilities, focusing on the evolving power grid. Their core products include the Hermes 2000 IEC 61850-3 Gigabit switches and the OrionMX AC Meter Card, both engineered for high-performance applications in substations, pole tops, enterprise systems, and grid edges. These products are designed to enhance network resilience and facilitate seamless communication across various power management systems, addressing challenges such as reliability and efficiency in energy distribution. NovaTech’s client base includes electric utility companies and energy providers across diverse geographical markets, with a significant presence in North America, as well as ongoing engagements in international markets that require robust automation solutions.The revenue model for NovaTech Automation is primarily based on direct sales of their automation products and solutions, which are often provided through business-to-business transactions. Clients typically engage in purchasing agreements that may include options for ongoing support and maintenance services, ensuring optimal performance of the systems deployed. The company’s flagship products, such as the Hermes 2000 and OrionMX AC Meter Card, are priced based on their technical specifications and the unique needs of each utility provider. Revenue is generated through one-time sales and potentially recurring transactions for service agreements, emphasizing the importance of long-term partnerships with their clients in the utility sector.In March 2025, NovaTech, LLC raised an undisclosed amount of venture funding from new investors Ben Franklin Technology Partners and Lehigh University. The company plans to leverage this funding to develop new products aimed at further enhancing automation capabilities for electric utilities, with a focus on upcoming releases scheduled for late 2025. Additionally, NovaTech aims to expand its reach into international markets, specifically targeting Europe and Asia by mid-2026. These strategic expansions will support their growth initiatives and strengthen their presence in the automation sector.