Redwood Systems gets $4M for commercial building LEDs
Redwood Systems, a Danville, Calif.-based firm that wants to help businesses conserve energy by converting to LED lighting, has raised $4 million in first round funding, according to PEHub.
While compact fluorescent lightbulbs (or CFLs, as they’re more commonly known) are a major improvement over incandescents, most analysts and building experts believe LEDs are the future of energy-efficient lighting. And if VC investments are any indication, then it looks as though that transition could be coming… Continue Reading