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Enlighted Inc. Raises $20 Million in Series C Financing and Hits Another Major Milestone: 10 Million Square Feet Under Management

Date: 04/25/2013

Company: Enlighted

Source: Wall Street Journal

Enlighted’s Sensor Technology and Data Analytics Reduces Lighting Power Consumption by 50 to 75 Percent

SUNNYVALE, CA–(Marketwired – Apr 18, 2013) – Enlighted Inc., a leader in solutions for improving the performance and value of commercial buildings and real estate, has raised $20 million in Series C financing. New investor RockPort Capital led the round and was joined by new investor DFJ JAIC. Existing investors Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, and Intel Capital also participated in the round.

Enlighted is also proud to announce that its intelligent sensor technology and software are being employed to reduce power consumption for more than 10 million square feet of commercial real estate, double the size of the installed footprint just five months ago. LinkedIn, Bank of New York, Google, Turner Broadcasting, JDSU, the City of San Jose, Hewlett-Packard and several Fortune 1000 companies have reduced lighting energy costs by 50 to 75 percent in buildings outfitted with Enlighted’s system. In all, Enlighted has saved more than 15 gigawatt hours of electricity since it began installing its technology into commercial buildings less than two years ago.

“Managing buildings better remains one of the largest opportunities in technology. Commercial property owners want to increase their net operating income by lowering operating costs as well as get the most out of their floor space,” said Victor Westerlind, a general partner at RockPort Capital. “Enlighted leverages sensor and IT technologies to achieve those goals. Just as important, it eliminates the cost and complexity of installing and managing these systems, which have been barriers to adoption.”

Enlighted combines leading-edge sensor technology, Big Data analytics, and advanced controls to precisely manage office buildings, public spaces, industrial sites and other real estate. The heart of the company’s technology is Enlighted Sensor, an unobtrusive, intelligent device that attaches to new or existing LED, fluorescent, CFL or HID light fixtures. Enlighted Sensors monitor light levels, temperature, occupancy and power consumption for the 100 square feet of floor space directly beneath each of them and then control these environmental parameters to save energy, reduce glare or harvest sunlight. Employees or building managers can quickly personalize spaces for comfort and energy savings with a few mouse clicks.

Read full story at Wall Street Journal

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