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Smart grid startup Enlighted lights up with $20M in new funds

Smart electricity and lighting startup Enlighted has raised $20 million in new funds to expand and bring its smart sensor tech that cuts electric use to many more companies.

Enlighted’s sensor tech and software now covers more than 10 million square feet of commercial real estate, which is double the space it covered just five months ago. The company claims more than 55 Fortune 1000 companies have reduced lighting energy costs by 50 to 75 percent using its products. Customers include Google, LinkedIn, Turner Broadcasting, and Bank of New York.

“Lighting consumes approximately 19 percent of the electricity around the world and demand for electric lighting is anticipated to increase by 80 percent by 2030,” Tushar Dave, CEO and co-founder of Enlighted, said in a statement. “Yet a substantial portion is used inefficiently. Our technology will help building owners, utilities and others get a handle on this hidden problem.”

The new funding round was led by new investor RockPort Capital, with participation by Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Intel Capital, and DFJ JAIC. Including the new funding, Enlighted has raised $35.4 million to date.

Sunnyvale, Calif.-based Enlighted was founded in 2009.

Light bulb concept image via Shutterstock

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