Tech Company Financing Transactions
Eka Systems Funding Round
On 7/19/2007, Eka Systems secured $12.5 million in Series C funding from Angeleno Group and RockPort Capital.
Transaction Overview
Company Name
Announced On
7/19/2007
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Series C
Investors
Angeleno Group (Lead Investor) (Daniel Weis)
RockPort Capital (Lead Investor) (Hap Ellis)
Proceeds Purpose
The financing enables Eka to expand sales and marketing and address increasing demand for large scale deployments so that utilities can realize the benefits of smart metering and the Smart Grid. In addition, Eka will continue to expand its penetration into the mobile network market for commercial and industrial meters along with Itron.
Company Information
Company Status
Acquired or Merged
Industry
Wireless
Mailing Address
20201 Century Boulevard 250
Germantown, MD 20874
USA
Germantown, MD 20874
USA
Phone
Website
Email Address
Overview
At Eka Systems, our embedded wireless sensor networking solutions are bringing precise energy monitoring and control within reach of a wide range of utility, commercial, and industrial customers. Whether you are considering advanced metering for energy management or fault isolation for outage management, our solutions are built to bring maximum value over the lifecycle of a deployed system.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Dave Pauken
Founder
M.B. Anand
Founder
Prakash Chakravarthi
VP - Engineering
Greg Bartolomei
VP - Finance
Jeff Ochs
VP - Sales
Brent Kassing
Browse more venture capital transactions:
Prev: 7/19/2007: Gevo venture capital transaction
Next: 7/19/2007: Bandspeed venture capital transaction
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