OPower Inks $50 Million From Accel, Kleiner Perkins
Energy efficiency software company OPower has raised a $50 million financing round co-led by Accel Partners and Kleiner Perkins Caufield & Byers. The round included participation from existing shareholder New Enterprise Associates. The new financing will help the Arlington, Va.-based company expand its development efforts. OPower’s technology is designed to help electric and gas utilities improve energy efficiency. The company’s software platform uses data analytics to evaluate a household’s energy usage and applies behavioral science techniques to help utility customers save energy.
30 November 2010•5 mins read
