Stem Raises $27M in Equity Financing

Stem_Logo_Stem, Inc., a Millbrae, California-based provider of advanced energy storage and data analytics, raised $27M in equity financing.

Constellation Technology Ventures and Total Energy Ventures invested in the round.

The company intends to use the funds to grow its predictive analytics energy optimization software platform and expand into global markets.

Led by John Carrington, CEO, Stem combines big data, predictive analytics and energy storage to provide energy optimization services, and reduce electricity costs for businesses. The company is also funded by Angeleno Group, Iberdrola (Inversiones Financieras Perseo) and GE Ventures.



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