EMeter Collects $12.5M

7/9/10

EMeter, a San Mateo, CA-based maker of software that helps gas, electric, and water utilities manage smart meters, announced yesterday that it has raised $12.5 million in a round of equity-based funding led by Sequoia Capital and Foundation Capital, with participation by newcomer Northgate Capital. “Given the exponential growth of the Smart Grid industry over the past year, eMeter will use the new funding to expand eMeter’s sales and marketing efforts in key markets, enhance services to current customers and continue investing in new products,” the company said in a statement.

Wade Roush is a contributing editor at Xconomy. Follow @

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