Intel Invests in CPower

CPower, a New York-based company that helps corporate clients reduce energy usage and earn market payments for those reductions, has raised an undisclosed amount of new funding from Intel Capital, via Intel's Open Energy Initiative. The deal is an extension of CPower's $10.68 million in Series B round, from Mayfield Fund, Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.

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