Smart grid company Tantalus Systems raises additional $6 mln
Tantalus Systems Corp, a smart grid solutions provider for municipal and cooperative utilities, has raised $6 million in follow-on funding. A number of investors backed the round, including CT Innovations and Vareco Holdings. The company is also backed by Discovery Capital and Redpoint Ventures, among others. Tantalus, which is based in Burnaby, British Columbia, and Raleigh, North Carolina, said the funds raised will support growth in its customer base and expansion of its smart grid applications ecosystem. Its technology is currently deployed across more than 115 utilities in North America, Latin America and the Caribbean.
23 February 2017•4 mins read
