Vutiliti, a Salt Lake City, Utah-based smart utility monitoring company, raised $11.75m in Series A funding.
The round was led by Constellation Technology Ventures and Cycle Capital Management with participation from Chevron Technology Ventures, University Venture Fund, and a continuing investor, Kickstart Seed Fund.
The company intends to use the funds to accelerate global expansion and development of its proprietary HotDrop™ technology and utility monitoring systems.
Led by Steve Ellis, CEO and Founder, Vutiliti is an energy data company that focuses on utility efficiency through detailed, timely and accurate measurement data. Its data collection and insights management system can simultaneously lower greenhouse gas emissions, utility expenses, and the risks of equipment.