TextPower, a San Juan Capistrano, CA-based provider of text messaging for enterprise alerts and security authentication, closed its Series A financing round.
Backers included Tech Coast Angel’s ACE Fund, as well as Orange County angel investors.
The company intends to use the funds to enhance sales and marketing in the utility and enterprise areas for SmartAlerts, as well as growing its website security business.
Co-founded by Scott Goldman, CEO, and Mark Nielsen, Executive Chairman, TextPower provides text messaging software solutions for utilities, municipalities and academic institutions and is launching a patent-pending two-factor authentication solution for website security (TextKey™).
Its SmartAlerts™ platform enables utilities to communicate information about outages, conservation, usage, and even prepaid meter status via text message (SMS).