Gridco Systems Raises $8M for Digital-Powered Smart Grid
Gridco Systems, a startup developing digital power electronics and founded by Sycamore Network’s founder Naimish Patel, announced that it has secured an $8 million Series B round according to documents filed with the U.S. Securities and Exchange Commission.
Gridco is developing what it describes as a new generation of utility-scale power management systems. Privately held, the company is based in Boston, Massachusetts and is backed by investors General Catalyst Partners, North Bridge Venture Partners and RockPort Capital.
More news and information regarding the latest developments in Smart Grid electronics can be found at Darnell’s SmartGridElectronics.Net.