Grid2Home Raises $400,000

San Diego-based Grid2Home, which was founded last year to develop specialized software for two-way data communications in “Smart Grid” applications, has raised $400,000 of a targeted $500,000 round of securities, according to a recent regulatory filing. Grid2Home announced in September that it had completed an undisclosed round of seed funding led by Granite Ventures. The company also named Rick Kornfeld as CEO at that time. Kornfeld was previously an executive vice president and chief strategy officer at San Diego’s NextWave Wireless and NextWave Broadband. Before that, he headed San Diego’s Staccato Communications from 2004 to 2006. Kornfeld did not return a call inquiring about the funding yesterday.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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