Panoramic Power, a provider of circuit level energy management, has closed its series B round of financing, totaling $8 million. The round was led by NYC-based Marker as well as existing investors including Greylock IL, Qualcomm and ICV.
Panoramic Power provides cloud-based energy management with circuit-level visibility into energy consumption. The latest financing will be used to expand the company’s sales, marketing and business development efforts. The funds will also be used to accelerate product development.
Panoramic Power was founded in 2009.
Another company that monitors electrical usage at the circuit is OutSmart Power Systems, which last December secured $1.5 million in new funding from private venture investors to support continued commercialization of its technology.