Breaking: KloudGin named Leader in IDC MarketScape Utilities AI-EAM 2026 $23.6M revenue, 240 employees, one Sunnyvale office Powering California Water Service, Madison Gas & Electric, Hawaiian Telcom AssetIQ AI co-pilot now talking back to gas leaks Series A backed by ServiceMax and Cloud Apps Capital Partners Breaking: KloudGin named Leader in IDC MarketScape Utilities AI-EAM 2026 $23.6M revenue, 240 employees, one Sunnyvale office Powering California Water Service, Madison Gas & Electric, Hawaiian Telcom AssetIQ AI co-pilot now talking back to gas leaks Series A backed by ServiceMax and Cloud Apps Capital Partners
YesPress / Company Dossier · Vol. 042

The quiet platform your water probably runs on.

KloudGin built one app for the truck, the asset and the customer. Utilities noticed. Then the IDC analysts noticed. Now everyone else is catching up.

Founded 2014 Sunnyvale, CA ~240 People SaaS · AI · Utilities
KloudGin brand image
Exhibit A. The logo that quietly slipped into hundreds of utility trucks.

It's 6:42 a.m. somewhere in California. A water tech opens her phone.

She sees the day's work, the pipe history, the customer's preferred call window, and a small machine-suggested note - this main has been stressed before, bring the bigger wrench. She does not log into four systems to learn any of it. She logs into one. That one is KloudGin.

KloudGin is a Sunnyvale software company with roughly 240 employees, around $23.6 million in annual revenue, and a single, almost stubborn idea - that field service and enterprise asset management are not two products. They are one job, badly split apart by twenty years of enterprise software. The company calls its answer the Single Face of Work. It trademarked the phrase. It also, increasingly, owns the category.

"We saw that field service and asset management were two halves of the same problem. Everyone else was selling them as two products." - Vikram Takru, Co-Founder & CEO

Utilities run the country. Their software was, charitably, from another century.

Consider the average mid-sized water utility in 2014, the year KloudGin started. It probably ran one system for work orders, a separate system for assets, a third for scheduling, a fourth - usually a clipboard - for the actual person standing next to the pipe. The dispatcher swiveled between screens. The tech radioed for help. Customers waited on hold. Nothing talked to anything else. The phrase "system of record" got used a lot, mostly by people who could not, in fact, find the record.

This is the part of the world where lights stay on and water runs and gas does not explode, and the software running it looked - and largely still looks - like enterprise IT from a more innocent decade. SAP. Maximo. A lot of green-screen terminals. A lot of Excel.

The utility back office had everything except a way to actually do the work.

The other half of the problem was field workers. A water tech, a lineman, a gas crew - they were the last and most important mile of every utility, and the systems they used in the truck were nobody's favorite project. Mobile was an afterthought. Offline was a wish. AI was a slide deck.

Two Oracle veterans walked into a server room and refused to leave.

Vikram Takru and Vikas Bansal founded KloudGin in 2014. Takru had previously been Senior Director of R&D at Oracle, and had built Frontline Consulting Services to more than $40 million in revenue and 500-plus people before TEKsystems acquired it. He had, in other words, seen the enterprise field service market from the inside. He was not impressed.

Vikram Takru

Co-Founder & CEO

Ex-Oracle R&D; previously scaled Frontline Consulting Services to a TEKsystems acquisition.

Vikas Bansal

Co-Founder

Co-architect of the KloudGin platform; product and engineering co-lead.

The bet was that mobile, cloud and machine learning had finally caught up with what utilities actually needed. Not a re-skin of legacy EAM. Not yet-another field service tool. A unified platform, built mobile-first, offline-capable, AI-aware, with the work order and the asset record living in the same place. The phrase "Single Face of Work" started showing up in customer pitches. So did checks.

One platform. One repository. Five rude surprises for the incumbents.

The platform is called KloudGin Core. Sitting on top of it are the suites a utility actually buys - Enterprise Asset Management, Field Service Management, KloudConnect for the connected customer and contractor experience, and AssetIQ, the company's generative-AI co-pilot for technicians and dispatchers. It is mobile-native. It works offline. It speaks fluently to Esri's GIS. It also, importantly, ships.

Core

One Platform

FSM and EAM under one schema, one mobile app, one customer record.

AssetIQ

AI Co-Pilot

Generative AI that summarizes asset history and suggests fixes in the truck.

GIS

Esri Native

Bi-directional integration with Esri ArcGIS for live asset mapping.

Offline

Mobile First

Built for crews who lose signal under bridges, in basements, in fields.

If that list reads like a checklist, it is, mostly. The interesting part is the bottom of the iceberg - a unified data model that means the work order knows about the asset, the asset knows about the customer, the customer knows when the truck will arrive, and AssetIQ has read all of it before the tech finishes her coffee. That last piece is what got the IDC analysts to use the word "Leader" in 2026.

Anyone can ship a mobile app. Very few can ship a unified data model. KloudGin shipped both, and then quietly bolted on the AI.
2014
Founded in Sunnyvale by Vikram Takru and Vikas Bansal. Begins building the first unified FSM/EAM cloud platform.
2017
Launches the Single Face of Work platform; lands early utility customers including Cal Water.
2020
$8.2M Series A from ServiceMax and Cloud Apps Capital Partners.
2021
Crosses $11.3M in annual revenue. Expands across gas, electric and water utility verticals.
2023
Revenue reaches $16.2M. AssetIQ AI co-pilot enters customer trials.
2024
FY revenue $23.6M; headcount climbs toward 240.
2026
Named a Leader in the IDC MarketScape: Worldwide Utilities AI-Enabled EAM Vendor Assessment.

Receipts, not adjectives.

KloudGin has done a useful thing for a SaaS company - it has grown, mostly without theatrics, on a single round of funding. The Series A was $8.2 million in July 2020. The revenue chart looks like the kind founders pin to the wall.

Annual Revenue, USD millions

2021
$11.3M
2023
$16.2M
2024
$23.6M
// Source: company reporting via getLatka. One Series A, three years, roughly 2x revenue.

Customers you have probably touched without knowing it

California Water Service Madison Gas & Electric Municipal Gas Authority of Georgia Hawaiian Telcom TETRA Technologies Sony Interactive Entertainment

The roster is heavy on utilities and infrastructure, which is the point. KloudGin chose a market that other SaaS companies find unglamorous - regulated, slow, allergic to risk - and built specifically for it. Partnerships followed. Esri formalized a partner relationship for GIS integration. ServiceMax wrote the Series A check. AWS provides the cloud backbone. The IDC MarketScape Leader designation in 2026 is the kind of thing utility procurement officers actually print out.

A category leader badge does not sound exciting until you remember that the people reading it are responsible for whether your shower works tomorrow morning.

"Help modern utilities, municipalities and infrastructure companies connect and empower their mobile teams."

That is the company's stated mission. It reads bureaucratic; in practice it is almost romantic. The mobile team is the lineman on the pole at 2 a.m. in a storm. The water tech in the trench. The municipal road crew dispatched after a flood. KloudGin's bet is that if you give those people one unified app instead of four bad ones, the lights come back on faster, the leak is found sooner, and the customer gets a real ETA instead of "between 8 and 4."

There is also a quieter story underneath. Aging infrastructure, climate volatility, a wave of retirements, and a generation of new technicians who grew up on smartphones rather than radios. The utility workforce is changing. The software has to change with it. KloudGin spent twelve years preparing for that exact moment.

Climate-stressed grids. AI co-pilots. Crews that need both, urgently.

The infrastructure asks are about to get harder. Wildfire-driven gas shutoffs in California. Hurricane-driven electric restoration on the Gulf Coast. Drought-stressed water mains in the Southwest. Every one of these is a field service problem and an asset management problem at the same time, which is to say, every one of them is exactly the problem KloudGin built for.

AssetIQ is the early signal of where the product goes next - the AI is no longer a feature in the corner, it is becoming the way the crew interacts with the system. Ask, do not click. Summarize, do not scroll. Predict, do not react. The unglamorous business of keeping the country running is about to be quietly rewritten in natural language, and Sunnyvale's North Wolfe Road has a small SaaS company that has been writing the grammar since 2014.

The next time your tap actually works in a heatwave, somebody's KloudGin app probably had a small, unsentimental role in that.

It is 6:42 a.m. somewhere in California again. The tech closes a work order. The asset record updates. The customer gets a text. The dispatcher does not swivel. The system of record finally is one. That is the part the founders bet on, and that is the part that, finally, is true.

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