From The Sip Trunking Experts

TMCNet:  AutoGrid Systems Raises $9M in Funding

[November 01, 2012]

AutoGrid Systems Raises $9M in Funding

Nov 01, 2012 (Close-Up Media via COMTEX) -- AutoGrid Systems, a provider of Big Data analytics and software services for enabling utilities and end-users to control their power consumption and costs, announced that it has raised $9 million in venture funding from investors in the Silicon Valley.

According to a release, Foundation Capital, Voyager Capital and Stanford University all participated in the funding, which occurred in two rounds. Additionally, AutoGrid has also signed contracts worth more than $5 million with ARPA-E, the projects research agency of the U.S. Department of Energy, and the California Energy Commission.

The company also publicly introduced the Energy Data Platform (EDP), a highly scalable and secure software platform for mining the wealth of data from smart meters and other networked assets connected to the grid. In addition, the company unveiled the Demand Response Optimization and Management Systems (DROMS), a software-as-a-service demand response optimization and management platform that reduces the cost of implementing demand response by 90 percent while increasing the "yield" of these programs by 30 percent.

DROMS has already been integrated and used in demand response programs for City of Palo Alto Utilities and Sacramento Municipal Utilities District.

"AutoGrid transforms data into actionable intelligence for both utilities and their customers. As an initial application, the technology will dramatically help expand how demand response programs are used by utilities and retail electricity providers in the nation and around the world," said Steve Vassallo, a partner at Foundation Capital. "We are thrilled with how quickly the company has started gaining customer traction in what is considered to be a challenging market." AutoGrid noted that it applies Big Data technologies and predictive algorithms to help utilities, grid operators, and end-users harness the tsunami of data being generated by the smart meters, grid sensors, building energy management systems and other devices. Similar to recommendation engines for e-commerce sites or algorithms for predicting weather, EDP uses petabytes of structured and unstructured data to create forecasts of future consumption under normal and event conditions by examining ongoing trends, past consumption patterns and relationships between millions of interdependent variables. The system learns continuously and becomes more accurate as more data becomes available, and can optimize power distribution and consumption as it is used more and more.

"AutoGrid is creating the brains for the smart grid. If you can analyze all of the data, you can predict what the electrical parameters of the grid will be under any situation and use that to remove inefficiencies from the electricity supply chain," said Dan Ahn, managing director at Voyager Capital. "This is a huge, long-term opportunity to apply state-of-the-art big data analytics, with a disruptive business model, to transform a 100 year old industry." The company reported that its first application, DROMS, is a highly scalable and secure, software application that reduces the cost of implementing a range of demand response and dynamic pricing programs such as direct load control, critical peak pricing, peak-time rebate and demand bidding programs. The cloud-based software can be deployed in weeks, not months or years, and provides the lowest cost, lowest risk option for utilities and electricity service providers to offer demand management programs to their customers. Based on open protocols such as OpenADR, the industry-wide standard for automated demand response, DROMS can be economically implemented by service providers of all sizes, not just the large utilities or industrial facilities.

"The first wave of smart grid infrastructure investments helped utilities, industrial manufacturers, facility owners and grid operators to obtain data about power consumption, delivery and costs. AutoGrid's helps these customers take maximum advantage of this data to improve their operations, consume power more efficiently and make the overall system more reliable," said Dr. Narayan. "By getting rid of inefficiencies in the overall system, AutoGrid converts energy data into a new source of energy." ((Comments on this story may be sent to

[ Back To SIP Trunking Home's Homepage ]

Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner

Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.