AutoGrid Systems raises $20M

What does AutoGrid Systems do?
AutoGrid Systems is a energy internet leader. The company organizes energy data and uses big data analytics for generating real time predictions which create actionable data. The company analyzes the exponentially expanding data waves generated by buidling management systems, smart meters, thermostats, voltage regulators and other equipment so the end users, utilities can obtain precise insight into where power is going and enact responsive and automaed controls.
How much AutoGrid Systems was funded?
The company has raised $20M in Series C on May 24, 2016 from Envision Energy E.ON, Energy Impact Partners and Envision Ventures
Previous funding
$9M in Series B on October 29, 2012 from Stanford University, Foundation Capital and Voyager Capital
$12.75M in Series C on January 27, 2014 from E.ON, Voyager Capital and Foundation Capital
What is next for AutoGrid Systems?
The company’s existing investors and big renewable energy developers and tech providers have invested in the company’s latest funding round. AutoGrid Systems plans on using the latest funding raised for further developing its Energy Internet suite of Applications and for extending marketing and sales efforts in Asia, North America and Europe. Energy Impact Partners’s partner will be joining the company’s board of directors. The company offers unparalleled real time control and connectivity with its software platform. The company is a category leading big data and IoT software company which is transforming industries and markets. The funding will be used for supporting the company’s effort to transform the energy industry, making it more sustainable and efficient. The investment will help the company is accelerating its mission of creating software which can leverage data to power future energy needs and to eliminate dependance on the unsustainable fossil fuels.
More about AutoGrid Systems
AutoGrid Systems was founded in 2011 by Amit Narayan. It has its headquarters in Redwood City, CA.