Bit Stew Systems Inc., a Vancouver, British Columbia, Canada-based provider of integrated, real-time network operations solutions for the utility industry, secured an undisclosed amount of capital.
Backers included Cisco and Yaletown Venture Partners.
The company intends to use the funds for people hiring, geographic expansion and movement into adjacent utility sectors.
Founded in 2005 and led by Kevin Collins, CEO, Bit Stew Systems provides Grid Director, a software platform for utility and distribution industry players to deploy, operate, secure and optimize their smart grids. By supporting both IP-based and proprietary networks, Grid Director provides an enterprise view into large disparate device based networks, predictive analytics, pattern recognition, complex event correlation, and integration with other applications.
It is currently in production at several large utilities in the United States, Canada and Australia and is becoming a global software standard for electric, gas, and water utilities.
The company has offices in Mountain View, California, Toronto, Ontario, and Melbourne, Australia.