Smart Grid Start-up Grid2Home Closes Second Round of Funding
Grid2Home, developer of Smart Energy Profile 2.0 (SEP-2) communication technologies, announced that it has completed a second round of funding, led by Granite Ventures. The funding will enable the company to take their SEP-2 standards-compliant G2H-SE2 Software solution into production and scale to meet the demands of a growing customer base. In addition, the company announced that Gordon Lum has joined Grid2Home as Vice President of Engineering.
"Demand for SEP-2 in the market is strong," said Sam Kingsland, Managing Director of Granite Ventures and member of the Grid2Home Board of Directors. "Grid2Home is seeing strong customer interest in their G2H-SE2 Software and we are pleased to help Grid2Home scale to meet that demand and continue to deliver innovative Smart Energy solutions."
Grid2Home’s current and prospective customer base includes major semiconductor manufacturers and a broad base of device manufacturers including smart meter, thermostat, in-home display and appliance manufacturers, as well as automotive makers developing products that will be interoperable with the Smart Grid. Proceeds from this investment round will be used to take the G2H-SE2 Software solution to production with existing customers and to expand Grid2Home’s business to additional customers in the Smart Energy space. In addition, Grid2Home will continue to be active in driving standards bodies that are defining the Smart Grid.
As an important step towards scaling the company to meet demand, Grid2Home has named Gordon Lum Vice President of Engineering. With over 23 years experience in the design, development, and deployment of all types of digital communications equipment, Mr. Lum will lead the company’s engineering team with overall responsibility for taking the G2H-SE2 Software to production. Prior to joining Grid2Home, Mr. Lum founded and acted as Vice President of Engineering at TurboNet.