Trilliant Raises $106 Million in Venture Capital
Posted in Smart Grid on July 17th, 2010 by News Desk –
Redwood City, Calif. – Trilliant, a Redwood City-based developer of smart grid technology, has raised $106 million in a round of venture capital led by Investor Growth Capital and VantagePoint Growth Capital.
Founded in 1985, Trilliant offers hardware and software that enable utilities to provide various advanced metering and smart grid services. The company’s wireless mesh equipment supports two-way communication networks throughout the electric grid, from head-end operations centers to all devices on the grid, not only meters and in-home energy management devices but also substations and grid devices such as transformers and capacitor banks.
Trilliant says its technology architects envision an “Energy Internet” that not only connects home devices like thermostats, appliances, solar panels, and plug-in hybrid electric vehicles (PHEVs) but also connects all other devices on the grid, including distributed power generation, distribution substations, and a variety of other grid assets.
In May 2009, Trilliant acquired SkyPilot Networks, a manufacturer of long-range, high-capacity wireless mesh networks.
The company plans to expand outside the U.S. and could be preparing for an initial public offering, according to a company spokesman cited in a published report.
