Redwood Systems Raises $11.75M for Networked Lights
Summary
Early this month, it made its first move outside the United States, announcing a partnership with French mega-utility EDF and cabling partners Anixter and CommScope. The new round is also aimed at bringing some new features to Redwood’s network in the ceiling, he said, with potential uses like occupancy sensing that feeds into conference room management systems. One big question for Redwood is how quickly LEDs will take hold as a viable alternative for mainstream building lighting. The startup’s February decision to support multiple lighting types would appear to lessen the company’s dependence on this growth to some extent. Even a small increase in the share of that pie that goes to next-generation smart lighting systems could make a significant market for contenders in the field.
Classifications
AskAI Classifications
LabelsLinked Companies
