Cimcon, a Burlington, MA-based provider of smart cities technologies, closed a $33m financing.
The round was led by Digital Alpha, which included $23m in Series C funding and a $10m revenue-sharing facility. Energy Impact Partners (EIP), who led the Series B also participated in the round.
These funds will enable the company to extend its technology lead in the smart city space and expand its sales and marketing efforts.
Led by Anil Agrawal, CEO, Cimcon provides scalable, intelligent wireless outdoor lighting management solutions for traditional, LED and solar-based street lights, and of a smart city platform that gives a way to deploy, manage and maintain smart city devices and applications.
Its hardware and software technologies allow cities and utilities to monitor, maintain and in many cases, monetize their assets and other devices on or near the light pole.