Wireless Glue, a US-based software solutions company that delivers energy data in real-time, has secured $4.5m in Series B funding.
Investors include US venture capital firm Clean Pacific Ventures, and Japanese companies Innovation Network Corporation of Japan, Toko Electric, and Hosiden.
Increasing limitations in electrical supply along with pressures to manage operational spending have meant companies have attempted to optimise their existing energy resources through information and communications technology.
These pressures have been particularly noticeable in Japan, where the East Japan earthquake of 2011 caused a decrease in nuclear generation capacity.
However, there is a wide range of varying standards and communications systems used around the world to control ventilation and lighting in factories, commercial buildings, and homes.
Wireless Glue’s software allows communication between diverse systems, allowing them to cross-connect on a single platform.
Peter McCabe, president and CEO of Wireless Glue Networks, said, ‘Out of necessity, Japan is poised to be a leader in the world energy market.
‘Our SmartEdge M2M platform provides real-time control and energy data between buildings and the cloud for aggregated energy management and DR applications that is scalable and cost-effective because it utilises existing infrastructure.’
Sean Schickedanz, general partner and CIO at Clean Pacific Ventures, said, ‘Wireless Glue’s platform differs from anything else we have seen and its position in Japan provides a significant advantage to deployment in a rapidly advancing market.’
Copyright © 2013 NewNet
You must be logged in to post a comment.