The smart grid investing gurus at Foundation Capital and the venture firm that helped launch the likes of Cisco, Apple and Google — Sequoia Capital — have pumped more money into smart meter software maker eMeter. The 12-year-old firm, which makes software for smart meter systems,announced this morning that it has raised $12.5 million from its current investors, Foundation and Sequoia, and as well as new investor Northgate Capital.
This latest financing brings eMeter’s total funding to $69 million. That’s a sizable amount for a software maker and eMeter says it will use the new funds to expand and launch new products.
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