GE Ventures, the corporate venturing unit of industrial equipment manufacturer General Electric, has invested an undisclosed amount in US-based intelligent energy startup Kwantera.
The precise amount invested was not disclosed by GE, but a regulatory filing indicates that the round was sized at $4.4m, and that CoView Capital and Allied Growth Strategies and Management also participated.
Kwantera is developing a platform that uses predictive analytics and machine learning to provide users with data about their daily and hourly energy use, and to recommend buying and selling prices for the energy.
Founded in 2006 as MobileFusion, Kwantera has since raised a total of approximately $7.3m in funding, according to its SEC filings.