Nexant Receives $43M Financing
Nexant, Inc., a a San Francisco, CA-based provider of intelligent grid software and clean energy solutions, has received a $43m growth financing.
Investors include Oak Investment Partners and Intel Capital (see FinSMEs’ news on the financing), TeleSoft and Beacon.
This new capital will enable the company to develop and deploy its new platform, GridSmart®, and multiple new applications like TrakSmart® for innovative electricity grid operations.
In addition, Nexant will strengthen and expand its Chemsystems® offerings worldwide.
Nexant’ solutions aim to enable utilities, power producers, and retailers to operate and deploy new technologies and applications in the emerging grid.
The company operates from 25 offices in the U.S., Europe, the Middle East, Asia, and Africa. Clients include major utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and Fortune 500 companies.