Evolution Networks will use the cash to expand its energy management software, aimed at mobile network operators, to new markets.
US-based energy management system developer Evolution Networks raised $22.5m on Tuesday from IES Holding, a subsidiary of energy company Berkshire Hathaway Energy, and GE Ventures, a subsidiary of industrial conglomerate General Electric.
Evolution provides specialist software that can help mobile network operators analyse their networks’ traffic needs and automatically adjusts their energy use based on real-time demand from their customers.
Evolution will use the funding to expand into new markets and promote its technology to other industries such as data…
