Panoramic Power, a New York, NY-based provider of circuit level energy management solutions, closed its $8m series B round of financing.
The round was led by Marker LLC with participation from existing investors Greylock IL, Qualcomm and ICV.
The company intends to use the funds to expand sales, marketing efforts and accelerate product development.
Founded in 2009 by Dr. David Almagor and Adi Shamir and led by Yaniv Vardi, CEO, Panoramic Power provides a cloud-based energy management solution which allows companies across a wide range of industries to gain insight into their energy usage – enabling the optimization of operations, processes and maintenance resources.
FinSMEs
21/10/2013