This scalable and secure software platform is useful in mining data from smart meters and other networked assets connected to the grid.
AutoGrid has raised $9m in venture capital. Foundation Capital, Voyager Capital and Stanford University had participated in the funding.
Foundation Capital partner Steve Vassallo highlighted that AutoGrid transforms data into actionable intelligence for both its customers and utilities.
"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," Vassallo added.
In addition, the firm has launched a new software-as-a-service platform, Demand Response Optimization and Management Systems (DROMS), which helps in reducing the cost of implementing demand response while increasing the programs’ yield.
The company also signed contracts worth over $5m with the California Energy Commission and the US Department of Energy’s Advanced Research Projects Agency-Energy.
AutoGrid founder Dr. Amit Narayan commented, "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."
