AlertMe takes in $13M for online energy management
AlertMe, maker of a system that allows homeowners to measure and control the energy used by their appliances, has raised $13 million in a second round of funding. By hooking into a household’s broadband connection, the Alertme.com Energy Kit transmits power consumption data recorded from individual appliances to a centralized web interface where customers can view the information and actually control use. For example, they can flip switches, alter settings during peak energy periods, and adjust their thermostats from a remote location.
The recent round of funding came from Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners (a firm that’s on a roll with the cleantech investments and just backed similar company Tendril). In the past, U.K.-based AlertMe raised $8.3 million.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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