The utility engagement software provider secured the funding in a round co-led by Schneider Electric and AES Corporation at a $1.5bn valuation.
Energy technology manufacturer Schneider Electric and power producer AES Corporation co-led a round of undisclosed size for US-based energy management software provider Uplight on Wednesday that valued it at $1.5bn.
The round included energy-focused investment firm Huck Capital, investment manager Coatue and investment firm Inclusive Capital Partners’ Spring Fund II. Goldman Sachs was adviser to Uplight on the round while Nomura Greentech advised the investors.
Uplight is the creator of a software platform that helps utilities engage with their customers…
