SparkMeter Raises $10M in Funding
- SparkMeter, a Washington, DC-based provider of grid management services, equipment, and software solutions, raised $10M in funding
- The round, which brings total financing to $22m, was led by Accurant International
- The company intends to use the funds to introduce a comprehensive grid analytics platform to the market, accelerate growth and expand operations
- The technology combines real-time data streams from the edge of the utility’s network with a detailed model of the grid, creating a so-called “digital twin.”
- The platform will be releasing the first stage of its software platform, Koios™, in April 2022
- Koios is an interface that can do meter-to-cash, detailed system insights, and smooth integrations to improve distribution system operations
