Tigo Energy charges up with $10M for solar power balancing

Tigo Energy, a company that ties together hardware and software systems to improve solar array efficiency, has raised $10 million in a second round of preferred stock, reports VentureWire. By balancing power evenly across solar deployments, the service prevents outages, improves reliability and increases net energy generated, Tigo says.

It raised $6 million in a first round of funding last June from Matrix Partners and OVP Venture Partners.

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