Smart Grid Startup Verdeeco Takes Aim at Big Data
Verdeeco, an Atlanta-based smart grid data analytics startup, today announced that it has closed $800 thousand in Series A funding to facilitate the growth and adoption of its cloud-based utility data solution. The investment, led by the Atlanta Technology Angels (ATA), included the Auburn Angel Network, based in Auburn, Alabama, and the Upper Carolina Angel Network, based in Greenville, South Carolina.
Verdeeco’s platform, which combines meter data with other utility data types like transformer stability, sub-station performance, transmission, SCADA, distribution automation and third party data like weather, applies big data technologies employed by players like Google, Facebook, and Twitter to the smart grid space.
The Verdeeco solution allows utilities to pick and choose from a host of applications, and apply them to all, or a subset, of their network devices, including meters, transformers, and substations, all while only paying for what they use.
