gridnet

Cisco investing in smart grid start-up

Cisco is continuing its interest in smart-grid infrastructure and management with an equity investment in GridNet, the smart grid start-up announced Thursday.

The sum of Cisco's investment in GridNet was not disclosed, but the start-up now has another feather in its cap in terms of big-name investors. In addition to the Cisco investment, GridNet's investors now also include GE Energy Financial Services and Intel Capital, as well as several other venture capital firms.

GridNet, which has offices in San Francisco and Sydney, has an array of smart-grid products including two software platforms. One is a smart meter integration … Read more