Blue Pillar Closes $7M Series B Equity Financing

Blue Pillar, Inc., an Indianapolis, Indiana-based distributed energy asset management software and systems company, has closed a $7m Series B equity financing round.

Participants include Claremont Creek Ventures, Arsenal Venture Partners, Allos Ventures, OnPoint Technologies (U.S. Army’s venture capital fund) and other existing investors.

The company intends to use the funding to accelerate the deployment of its Actionable Microgrid software product portfolio and increase adoption for its solutions from customers in the healthcare, telecom/data, military, education and manufacturing sectors.

Led by CEO Kevin Kushman, Blue Pillar Blue Pillar provides distributed energy asset management software and control solutions designed to turn healthcare, manufacturing, telecom, data center, higher education, military and government facilities’ on-premises energy assets into Actionable Microgrids.

In conjunction with the funding, Paul Straub (Claremont Creek), Jason Rottenberg (Arsenal) and John McIlwraith (Allos) will join Blue Pillar’s Board of Directors.



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