Grid2Home Gets Granite Ventures Seed Funding for Smart Grid Software
A new “smart grid” startup has emerged in San Diego.
Grid2Home, which describes itself as a “smart energy communications company” that develops software for wired and wireless home area networks (HAN), is joining a technology land-rush among San Diego wireless and software companies seeking to stake a claim in smart grid territory. The local stampede already includes Proximetry, On-Ramp Wireless, PCN Technology, Pervasive, and Solekai Systems, among others.
Grid2Home was launched in Campbell, CA, last year by founding CEO Michael Bourton and chief technology officer Donald Sturek, who raised $1.5 million last October out of a planned $2 million round, according to a regulatory filing. The company apparently has been in San Diego—operating under the radar—since March, when former Qualcomm VP of Engineering Rick Kornfeld became CEO, according to his LinkedIn profile.
In a statement today, Grid2Home says it has raised an undisclosed amount of seed funding in a round led by San Francisco-based Granite Ventures. Granite Ventures managing director Sam Kingsland also is joining the board. The company also announced that Douglas Rasor, the former Texas Instruments Health executive who is also a director of San Diego’s On-Ramp Wireless, is joining Grid2Home as board chairman. The company says the new funding will enable Grid2Home to customize its software for multiple platforms and expand its business “across the Smart Grid HAN ecosystem.”
That means Grid2Home’s software, which provides two-way data communications from a meter to “smart” household appliances and electric vehicles. Such technology would enable home-owners to monitor energy efficiency data, allowing them to better control time of use and improve a home’s overall energy efficiency. The company says its customers include semiconductor manufacturers, smart appliance manufacturers, and automotive companies.
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