Nexant Raises $50M
Nexant in San Francisco, CA, says it has raised $50 million in a round led by Dr. Romesh Wadhwani of Symphony Technology Group. Previous investors TeleSoft, Oak Investment Partners, Intel Capital, and Beacon participated. Nexant makes software that manages the power grid, handling energy efficiency, demand response and distributed generation. It also sells consulting services to utilities and oil, gas and chemical companies.