SmartSynch
Company

Last deal

$25.7M

Amount

Debt Financing

Stage

23.02.2011

Date

8

all rounds

$109.7M

Total amount

General

About Company
SmartSynch provides smart grid technology for utilities, commercial and industrial customers.

Industry

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Also Known As

XP Technology

founded date

01.01.1998

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

The company's innovations in two-way delivery of real-time energy usage data over public wireless networks have simplified SmartMeter deployments for over 100 major North American electric utilities. SmartSynch's smart grid infrastructure enables communication with any device on the grid, optimizing efficiency and providing feedback loops for the right price signals during peak use. The company's public wireless smart metering technology provides IP-enabled smart grid solutions using existing cellular networks, monitoring and transmitting power consumption data in time-based intervals for remote communications and control functionality for clean-tech products. The potential benefits of implementing smart grid technologies over the next 20 years are estimated to have a present value of $75 billion.
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