eCurv Receives $2,943,723 New Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3b0b8742-c090-4464-9b3b-44a5608f4abc - Date
10/5/2016 - Company Name
eCurv - Mailing Address
1 Broadway Cambridge, MA 02142 USA - Company Description
eCurv, Inc provides a cloud-based machine-to-machine (M2M) network, building controllers, and sensor networks aimed at monitoring and reducing electricity demand. Through its patented Queued Power Access Control (QPAC) system, eCurv optimizes the duty cycles of electrical loads such as heating, ventilation, refrigeration and air conditioning (HVAC) equipment, pumps, motors, and battery chargers. Without eCurv’s demand management, peaks in electricity demand caused by the random coincident operation of such equipment can drive up to 40% of commercial electricity bills through demand charges. eCurv’s system practically eliminates such peaks — without manual intervention, changes to existing equipment, or operational impact, employing queuing algorithms similar to those used to manage peak traffic in computing and communications systems. - Website
http://www.ecurv.com - Transaction Type
Venture Equity - Transaction Amount
$2,943,723 - Transaction Round
Undisclosed - Proceeds Purposes
Proceeds purposes were not disclosed. 10 investors participated in the offering. The amount may include options, warrants or other securities. Contact technology company for investment details, if applicable. Not an offer or solicitation for the sale of securities or debt. SEC regulatory filing. - M&A Terms
- Venture Investor
Undisclosed
