PrimeStone S.A.S., a Bogotá, Colombia-based company that develops and supplies smart grid applications and solutions for data collection, validation, management, control and data exchange between meters and other devices for the power industry, received an investment from Promotora Venture Capital Fund.
The amount of the transaction was not disclosed.
The company intends to use the funds for international expansion.
Founded in 1990 and led by CEO Javier Zarama, PrimeStone offers PrimeRead Energy Suite, a Meter Data Collection (MDC) engine that reads over 150 meter models used by companies in power generation and distribution, improving network efficiency.
FinSMEs
23/12/2013