Tendril, an energy efficiency startup, grabs $12M
Want to keep tabs on how much electricity your home is using? Tendril is one of a newer breed of energy-management startups that gives consumers a personal view of their consumption, but is still capable of tying in with and providing information to the utilities providing the power.
The company’s Energy Management System includes both hardware and software, and makes use of the open-source Zigbee and OpenHAN communication protocols to ensure that it’s interoperable with other devices.
The EMS can thus track a device like a thermostat, and report details back to a computer-based interface for the consumer. Tendril announced the beta version of its EMS back in January.
RRE Ventures led the $12 million round, and was joined by Vista Ventures, Access Venture Partners and Appian Ventures. It was Tendril’s second funding round to date. The company is based in Boulder, Colo.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.