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EarthGrid logo

Startup · United States

EarthGrid

HQ Richmond, CAFounded 201611-50 employees

EarthGrid™ is developing the world’s first way to tunnel, trench, and excavate using our patented plasma tunnel-boring technology.

StartupPrototype
Website

Funding3 rounds · $84.1M

Equity raised
$84.1M
Latest
$52.8MSeries A · Aug 10, 2026
Last valuation
$80.4M?Basis not stated · Seed · Oct 15, 2024
Cumulative raised$84.1M
Oct 18, 2023Aug 10, 2026
Valuation over time$80.4M · Oct 15, 2024
Valuation over timeReported valuation rose from $60.0M (Oct 18, 2023) to $80.4M (Oct 15, 2024) across 2 valued rounds. 2 without a stated pre/post basis.
Valuations by round
AnnouncedStageValuationBasis
Oct 18, 2023Seed$60.0MBasis not stated
Oct 15, 2024Seed$80.4MBasis not stated
  • Series A
    Confirmed
    $52.8M
    Aug 10, 2026
  • Seed
    Valuation $80.4M?
    $1.2M
    Oct 15, 2024
  • Seed
    Valuation $60.0M?
    $30.0M
    Oct 18, 2023

Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.

Systems2

Newest unveiled first. Open a system for its milestone timeline, components and sources.

Supply Chain1 facility

Facilities1

  • EarthGrid Richmond Headquarters
    Headquarters · Richmond, CA, United States
    Operating
    Reported
  • Troy Helming

    Founder & CEO

  • Mark Park

    VP Engineering

  • Rachel Payne

    Board of Directors

Company Metrics

LinkedIn employee profiles
27
Observed Oct 11, 2026
Bright Data / LinkedIn · Source ↗
LinkedIn followers
4,235
Observed Oct 11, 2026
Bright Data / LinkedIn · Source ↗

Employee-profile counts reflect LinkedIn profiles associated with the company, not verified headcount. One observation establishes a baseline; it does not establish growth.

Sources13

Show all 13 sources and supporting evidence

Profile4

  1. 1

    Earthgrid · Supports Organization · description, Organization · name, Organization · website

    “EarthGrid™ is developing the world’s first way to tunnel, trench, and excavate using our patented plasma tunnel-boring technology.”
  2. 2

    PitchBook · Supports Organization · employee range, Organization · founded year, Organization · linkedin url, Organization · x url

    “employee_range: 11-50 (profile: 27)”
  3. 3

    Sixth-Domain · Supports Organization · country, Organization · kind

    “{"country": "USA", "hq_iso2": "US", "id": "ae53f646-cd85-48c7-b767-04ddbb91c167"}”
  4. 4

    Crunchbase · Supports Organization · legal name, Organization · status

    “legal_name: EarthGrid PBC”

Systems3

  1. 5

    BBC News · Aug 18, 2026 · Supports System · maturity

    “During the California test this January, EarthGrid's cigar-shaped boring machine chewed through three metres of granite.”
  2. 6

    EarthGrid · Sep 24, 2025 · Supports Organization · aliases, Role, System

    “EarthGrid PBC, in collaboration with Statnett SF, has successfully completed a breakthrough demonstration of its Plasma Excavation System (PES)”
  3. 7

    EarthGrid · Supports System · maturity

    “In late June, EarthGrid PBC successfully deployed it's Plasma Excavation System (PES) in Raymond, California.”

Funding4

  1. 8

    U.S. Securities and Exchange Commission · Aug 10, 2026 · Supports Funding round · amount, Organization · ownership

    “<totalAmountSold>52838297</totalAmountSold>”
  2. 9

    CB Insights · Oct 15, 2024 · Supports Funding round

    “Angel - II”
  3. 10

    Gulf Oil and Gas · Oct 18, 2023 · Supports Funding round · amount

    “it has raised $30 million at the close of its seed funding”
  4. 11

    Kingscrowd · Aug 31, 2023 · Supports Funding round · amount, Funding round · post money valuation usd

    “1.24 ($1,239,194)”

Supply chain1

  1. 12

    LinkedIn · Supports Facility, Organization · employee range, Organization · founded year, Organization · hq city, Organization · linkedin url, Organization metric · employees in linkedin, Organization metric · followers

    “headquarters: Richmond, CA”

People1

  1. 13

    EarthGrid · Supports Role

    “Mark Park”

Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.