Optimum Energy, a Seattle, WA-based provider of energy optimization solutions for enterprise facilities, raised a follow-on investment from Edison Energy, Inc., a subsidiary of Edison International (NYSE: EIX).
This investment – of undisclosed amount – expands the financing round announced in June, which included Columbia Pacific Advisors, Navitas Capital, and Johnson Controls, Inc. (read here).
The company intends to use the funds to accelerate growth of its solution and hire new people.
Founded in 2005 and led by Matthew Frey, president and CEO, Optimum Energy provides enterprise energy optimization solutions which fights performance drift and enables automated, continuous commissioning through dynamic adaptation of the entire cooling system.
Today the company Optimum Energy conducts 1.5 billion optimization calculations annually in over 70 million square feet of commercial space.