Smart Energy Instruments (SEI), a Toronto, Canada-based company that develops synchronous measurement technologies for the smart grid, received a $5m equity investment.
The investment will further accelerate SEI’s efforts in developing its chipsets.
Led by CEO Jeff Dionne, Smart Energy Instruments develops electronic chipsets with high-precision, real-time monitoring capabilities for smart grids. Its technology platform is based on a core set of chips with measurement precision and low-power consumption that can be integrated into intelligent electronic devices. It gives equipment manufacturers and utilities a huge competitive edge in functions such as grid load monitoring, fault detection and isolation.
The company has offices in Tokyo, Japan and Silicon Valley.