GridX Completes $12M Series B Funding

MILPITAS, CA, GridX today announced that it has closed its Series B funding in the amount of $12 million. GridX, a leading provider of cloud-based business operations support solutions to utilities and energy suppliers, today announced that it has closed its Series B funding in the amount of US $12 million led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. This financing accelerates the companys product roadmap and drives market adoption. GridX is the leading provider of big data, cloud-based Business Operation Support System to utilities, retail energy suppliers and Community Choice Aggregators (CCAs). GridX customers include some of the largest and most innovative utilities and CCAs, which leverage our technology to launch their new operations, transform their business models and streamline such business processes as product and pricing development, retail billing, wholesale settlement, customer engagement and services, and revenue tracking and analytics.