Redwood Systems Lights Up With $11.75M More
Fremont-based Redwood Sytsems, a developer of smart building lighting systems which provide smart lighting and power savings for buildings, reported it has raised $11.75M in a Series C funding. The company, led by Dave Leonard, said the funding came from Battery Ventures, U.S. Venture Partners, Index Ventures and Mitsui & Co, Ltd. Redwood Systems develops low-voltage, DC-based lighting systems which the company saves companies an average of 75 percent over traditional lighting systems. The company says its customers include Facebook, SAP and Volkswagen.
posted on Wednesday, May 30, 2012 (Link to more information)
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