San Mateo, Calif., July 22, 2009 – eMeter Corp., a smart grid software firm, announced the close of a $32 million private financing led by Sequoia Capital and joined by existing investor, Foundation Capital. The funds will be used to accelerate eMeter’s sales and marketing in new markets, enhance services to current customers and continue investing in new products.
With over 24 million smart meters under contract with utilities worldwide, eMeter is a partner with utilities by providing software that is critical for successful smart grid deployments. The recent launch of Energy Engage, eMeter’s consumer service solution, helps utilities to enable their consumers to take an active role in managing their energy usage and reduce peak demand.
Founded in 1998, eMeter is a provider of smart grid management software and services. The company has its headquarters in San Mateo, California.