Grid2Home, a San Diego, California-based communications software company in the smart grid sector, announced earlier this month that it completed a round of seed funding led by Granite Ventures. The company said it will use the funds to customize its G2H-SE2 Software for multiple platforms and expand its business across the Smart Grid home automation network (HAN) ecosystem.
The company announced that Doug Rasor has joined Grid2Home as Chairman of the Board of Directors and Rick Kornfeld has joined as President and CEO.
"Granite Ventures invested in Grid2Home because they not only have a robust product that is necessary in the emerging Smart Grid market, but they have put together a management team with a track record of driving start-up companies to market success," said Sam Kingsland, Managing Director of Granite Ventures and member of the Grid2Home Board of Directors.
"I am excited to be a part of Grid2Home," stated Doug Rasor. "The G2H-SE2 Software is unlike any other in that it works with the full range of Smart Grid standards-based physical layers, semiconductor platforms and devices. This gives Grid2Home customers a competitive advantage when it comes to interoperability and time to market."
"The Smart Grid market is a fast growing and exciting technology market that is vital for our national economy and the environment worldwide," stated Mr. Kornfeld. "The Grid2Home team has demonstrated remarkable technical skill and market vision, and I look forward to leading them on to growth and success in the Smart Grid space."