Accent, a global silicon solution company that allows semiconductor integration of communications and metering technologies for the Smart Grid industry, has closed a $5m round of financing with Tallwood Venture Capital.
The funding will be used to accelerate development of key communication technologies for system-on-chip solutions required by Smart Meter as well as emerging Smart Home applications.
Commenting on the financing, Federico Arcelli, CEO of Accent, said: “This funding will enable us to accelerate market introduction of next generation Smart Grid technologies, as part of our ASMgrid offering, and continue to optimally address the needs of our customers worldwide.”
Accent’s ASMgrid TM SoC platform, which is designed to meet the demanding needs of Smart Grid products, from Smart Meters to Smart Appliances, allows equipment manufacturers to significantly lower production time and costs.
The company has worldwide operation with offices in Italy, China, France, and United States.