GreenBeat: "eMeter, one of a number of companies building software for smart meters, has raised $12.5 million from Sequoia Capital and Foundation Capital — two prestigious Silicon Valley names looking to get in on the growing smart gird business.
As the caliber of these investors suggests, eMeter is no arbitrary pick. Going up against public companies like meter maker Itron, it has quickly risen to the top of a brand-new field: smart meter management. It partners with the likes of Siemens, Oracle, IBM, and Accenture to expand its footprint. And now an IPO might be just around the corner."
