Tech Company Financing Transactions
Splight Funding Round
NOA Capital, Barn Investments and Draper B1 participated in a $12 million Seed funding round for Splight. This venture round was recorded on 7/24/2024.
Transaction Overview
Company Name
Announced On
7/24/2024
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Seed
Investors
Proceeds Purpose
This capital infusion will support the company's mission to address the global, multi-generational challenge of clean energy at scale, expanding its North America and EU presence and continuing to grow its development, implementation, and leadership teams to keep up with growing demand.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
4 West 4th Avenue, 2nd Floor 223
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Splight has developed and deployed a new digital technology to increase transmission capacity while adding reliability and flexibility to the grid. With Splight's technology, any inverter-based resource can be used as a grid-friendly asset which can respond to contingencies in real--time while reducing or eliminating curtailment and congestion significantly. Splight solutions, ride on top of the existing infrastructure, and create value from data in real time.
Management Team
Title
Name
Email & Social
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