Tendril is another company fighting the turf war in the smart grid space. It provides a complete package for homes to monitor their energy use. The company tells Greentech it’s hiring 25 new employees a quarter, and its getting 2 requests for proposals a week from utilities. So this money will be used to maintain growth.
Previously, Tendril disclosed a $12 million Series B round in March 2008.
This is the second alt energy funding announcement from VantagePoint in as many days. Yesterday, it announced that it was involved in Solazyme’s $57 million series C round. Solazyme is an algal biofuel company with $76 million in funding now.
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