Redwood Systems, a Fremont, CA-based provider of building-performance lighting solutions, has secured $11.75m in Series C funding.
Backers include Battery Ventures, U.S. Venture Partners, Index Ventures and Mitsui & Co, Ltd.
The company intends to use the capital to continue to grow in global markets and drive new innovations across the Redwood platform.
Led by CEO Dave Leonard, Redwood Systems uses a patented approach that delivers efficient low-voltage DC power and control to lighting fixtures and a high-density sensor network. Global brands including Facebook, SAP and Volkswagen are using the company’s systems to reduce costs and lessen their environmental impact.
Redwood Systems recently established operations abroad in Europe, where it signed EDF, the second largest electric utility company in France.
FinSMEs
30/04/2012