Trilliant Incorporated, a provider of Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, has closed a $106m financing.
The round was led by Investor Growth Capital and VantagePoint Venture Partners and two grid-related equipment companies, ABB and GE.
Co-ordinated by Deutsche Bank, the financing also includes a “significant” credit facility from an undisclosed venture credit provider and continuing financial support from existing investors MissionPoint Capital Partners and zouk ventures.
The investment will be used to finance Trilliant’s continued growth in North America and globally.
Trilliant currently provides over 200 utility customers (including Hydro One) with comprehensive, and real-time Smart Grid communication network solutions.