DC Systems, a Redwood City, Calif.-based provider of utility-grade smart energy applications for optimizing grid operations, raised $4m in growth funding.
The round was led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability.
The company intends to use the funds to deploy its apps.
Led by Kenneth Munson, newly appointed Chief Executive Officer, DC Systems provides real-time smart energy suite applications that dynamically optimize grid operations and allow utilities, EPCs, large power producers and energy users to scale distributed energy resources and distribution automation with real-time performance.
Customers include Southern California Edison, Sempra Renewables, Alliant Energy, Pacific Gas & Electric (PG&E), Austin Energy, Potomac Electric Power, Chevron, Shell, and Silicon Valley Power.
FinSMEs
16/10/2018