Grid Net Receives Investment from Cisco
Summary
Grid Net, a San Francisco, California-based developer of real-time Smart Grid and Smart Home software platforms for utilities, their partners and their customers, has received an undisclosed equity investment from Cisco. The company will use the funds to promote its Smart Grid network infrastructure solutions. In particular, the financing will be used to accelerate its cooperative efforts around product development, marketing, customer engagement, industry standards, and regulatory Smart Grid initiatives. The company, which also operates offices in Sydney, Australia, is backed by Braemar Energy Ventures, Catamount Ventures, GE Energy Financial Services and Intel Capital.
Funding
Amount
-
Total raised
Date
March 25, 2010
Announcement date
Investors
Cisco
Lead investors
Company
http://www.grid-net.com
Funded company
Classifications
industries
No industries detected
applications
General BI
AskAI Classifications
Labels
SaaS
Enterprise Software
Collaboration Software
Linked Companies
Cisco
$1B+