$250K for Alektrona
Alektrona, a Providence, RI-based startup focused on smart grid software and hardware, has received a $250,000 funding commitment from the Slater Technology Fund, according to Providence-based Slater. The funding is part of a $510,000 seed funding round. Thorne Sparkman, a manager director at Slater, led the firm’s investment in Alektrona. Gene Zimon, a former chief information officer of the Boston-based utility NStar (NYSE:NST), is also investing in the round. The co-founders of Alektrona are Christopher Leidigh and James Higgins, both of whom are former employees of the embedded networking business at American Power Conversion, based in West Kingston, RI.