US-based smart sensor and lighting control technology company Enlighted secured $20m on Tuesday from existing backers including semiconductor producer Intel’s corporate venturing unit Intel Capital.
Intel was joined in the round by the rest of Enlighted’s existing investors, Draper Nexus Ventures, Kleiner Perkins Caufield & Byers, RockPort Capital Partners, and Draper Fisher Jurvetson.
Enlighted produces energy efficiency technology for use by businesses. Its core product is a lighting sensor, but the company is working on adding additional controls for heating, ventilation, air conditioning and security to the technology platform.
Joe Costello, the recently appointed chairman and CEO of Enlighted, said: “Enlighted is on a tear, with strong customer momentum and revenue growth.
“With this latest funding, we’ll be able to keep up with current demand and continue to develop advanced workplace applications based on our sensor network and analytics platform, further extending the value of our system for customers.”
Enlighted has now raised more than $57m since it was founded in 2009. Intel Capital participated in its $14m series B round in 2011 as well as a $20m series C round that followed in April 2013.
– Image courtesy of Enlighted, Inc.