eMeter Closes $12.5M Financing Round

eMeter Corporation, a San Mateo, California-based provider of Smart Grid management software that helps electric, gas and water utilities reduce operational costs, improve customer service, and drive energy efficiency, has closed a $12.5m round of financing.
The investment was led by existing investors Sequoia Capital and Foundation Capital, with participation from new partner Northgate Capital.
The company will use the new funding to expand its sales and marketing efforts in key markets, enhance services to current customers and continue investing in new products.

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