Arlington, Va. – GridPoint, a provider of software, hardware and services for consumers and producers of energy, has raised $23 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission.
Founded in 2003, GridPoint recently released a “cloud-based” platform that provides visibility into and analysis of energy information, enabling control of critical energy endpoints, ranging from HVAC, boiler, chiller and lighting systems to solar, electric vehicle and home energy management solutions.
The company’s system for enterprises combines alarms, reports and control capabilities that gives users the ability to establish business rules and identify and prioritize energy management issues and operate critical energy endpoints at optimal efficiency levels.
For utilities, GridPoint offers a suite of smart grid applications designed to assist program managers meet efficiency and renewable integration requirements, add customer value and reduce grid strain.
Its system for residential users gives customers control over their consumption and production by providing them tools to increase their energy efficiency, verifying and driving load reduction, and integrating solar and electric technologies.
Investors in GridPoint include ltira Group, Craton Equity Partners, Goldman Sachs Group, New Enterprise Associates (NEA), Perella Weinberg Partners, The Quercus Trust, Robeco, and The Susquehanna International Group of Companies.
The company is headquartered in Arlington, Virginia, with offices in Austin, Texas; Ottawa, Ontario; Roanoke, Virginia; and Seattle, Washington.
Image credit: GridPoint