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Smart Energy Gets Smart Money
SynapSense and GridPoint boost their funding rounds, and nine other companies make deals over the past week. Don't just use electricity, use it more efficiently.
Investors seem to be getting that message loud and clear from Folsom, Calif.-based SynapSense and Washington, D.C.'s GridPoint. Both companies took in some extra cash, giving a lift to their latest funding rounds.
SynapSense, which makes technology for the monitoring and optimization of energy use in data centers, upped its Series B financing to $11 million with a secondary closing, up from $10 million.
Smart grid company GridPoint raised an extra $16.5 million in its Series D round, bringing its total to $48.5 million.
Water also made a healthy showing this week, with New Mexico's Altela raising $7.1 million, and New York's Stonybrook Purification closing the first tranche of its $4.1 million Series A.