Blue Pillar, a distributed energy asset management software and systems company, has closed a $7 million Series B equity financing round. Participants include Claremont Creek Ventures, Arsenal Venture Partners, Allos Ventures, OnPoint Technologies (U.S. Army’s venture capital fund) and other existing investors.
The funding will allow Blue Pillar to accelerate the deployment of its Actionable Microgrid software product portfolio and meet growing demand from critical power customers in the healthcare, telecom/data, military, education and manufacturing sectors. Current customers, including Tenet Healthcare and Duke University Health System, have standardized on Blue Pillar’s packaged software and automation solutions to secure, manage and dispatch energy assets to protect essential operations and unlock value from participation in energy market programs.
As a result of this investment round, Paul Straub (Claremont Creek), Jason Rottenberg (Arsenal) and John McIlwraith (Allos) will join Blue Pillar’s board.
[Image Courtesy: Blue Pillar]