On Tuesday, a San Diego-based startup Grid2Home raised $2.6 million in a new round with its previous investors, Granite Ventures according to a new SEC filing.
The company sells integration software and systems to: semiconductor manufacturers, smart device makers, utilities and automotive companies, currently. Its technology ensures that grid-connected devices — like smart home meters, and household appliances — communicate effectively with power providers’ systems, and vice versa.
Systems integration allows power providers to use the data generated by a wide variety of devices and different networks to deliver electricity more efficiently and economically.
According to The Smart Grids: A Global Strategic Business Report by the research firm Global Industry Analysts, the world market for smart grids overall will likely reach $186.7 billion by 2015, driven by increasing demand for electricity, policy and safety requirements that call for aged electrical infrastructure to be replaced with newer systesm, and by environmental concerns related to the development and use of more renewable sources of energy.
Grid2Home Inc. develops smart energy and home automation software for OEM product manufacturers and semiconductor vendors. It offers wireless and wired network solution for smart meters, lighting controls, wireless to wired bridges, in home displays, network USB plugs, thermostats water heater and pool pumps, load controllers, white goods communications modules, solar panel communications modules, and electric vehicle battery charger communications modules. Its solutions create an upper layer that integrates a wired and wireless mesh, which is managed as a...
Granite Ventures has been helping early-stage technology companies build solid foundations for success since 1992. They focus their investments on two sectors where their partners have deep domain expertise, broad industry knowledge, and significant investment experience: Communications and Components and Software. Granite has managed over $1 billion in venture capital and has invested in more than 90 private companies. They partner with promising and successful entrepreneurs to create businesses that have a competitive edge and help them achieve category leadership.
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