US-based lighting control company Enlighted closed a $14.2m round of financing on Tuesday with corporate venturing unit Intel Capital, and venture capital firms Kleiner Perkins Caufield & Byers and Draper Fisher Jurvetson participating. Enlighted’s last round raised $2.1m in January while the firm secured $1.1m in seed funding over the two years prior. Founded in 2009, Enlighted a lighting and energy management platform which monitors lighting in a building, allowing business customers to become more energy efficient. Enlighted plans to use the capital to accelerate its growth plans. Trae Vassallo, partner at Kleiner Perkins Caufield & Byers, said: "Buildings represent one of the single largest opportunities for energy savings and intelligent lighting is the best place to start. Enlighted’s solution caught our attention because of its strong [return on investment] and its simplicity. Installation is as easy as changing a light bulb and because Enlighted doesn’t change any existing wiring, there is no risk to mission critical infrastructure. Enlighted is the first step to making buildings smarter and more efficient."
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Enlighted saves its energy for Intel
Oct 6, 2011 • Robert Lavine
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