BPL Global raises $23M for smart grid control

BPL (Better Power Lines) Global is a Pittsburgh, Penn. company that makes software and equipment for utilities in order to manage and monitor the grid, and help integrate in renewable energy sources.

The company has partnerships with utilities both in the United States and overseas in Africa, Asia and South America, and reports that it is near to profitability.

The $23 million funding was providd by existing investors IFA Group, Novitas Capital, El Dorado and Morgan Stanley, as well as new investor Cross Atlantic Capital Partners.

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Tags: deal