EnerTech Capital News: Blue Pillar Secures New $10 Million Investment

Leading Energy IoT company closes successful year with new investment, new customers and prestigious “Grid Edge” awards from Platts Global Energy and Greentech Media

Blue Pillar, the only Internet of Things (IoT) provider to connect all Energy Things™, today announced $10 million in financing from new investors GXP Investments and Elevate Ventures alongside existing investors EnerTech Capital, Allos Ventures, Arsenal Venture Partners, and Claremont Creek Ventures.

2016 was a groundbreaking year for Blue Pillar. The Blue Pillar Aurora® platform was installed at large energy providers and commercial facilities such as Walmart, Target, and Comcast as well as at higher education campuses, including University of Hawaii and Texas A&M University. As a result, the company won the Grid Edge-Energy Management award from Platts Global Energy. This awards program honors only the leaders and innovators from the energy industry. Blue Pillar was one of 18 finalists chosen from 170 nominations representing 30 countries. In April, Blue Pillar was one of 20 companies to receive Greentech Media’s Grid Edge award – an honor bestowed upon only the most disruptive companies responsible for positively impacting the U.S. electricity industry. These awards and new customers further validated Blue Pillar’s increasingly important role in bringing forward grid edge transformation.

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