US startup Trilliant, which plans to grab a large slice of the emerging smart grid solutions and integration market, has won $106 million in funding from backers.

 

The financing round was led by Investor Growth Capital – the VC arm of Sweden’s Investor AB - and VantagePoint Venture Partners and two utility equipment providers ABB and GE, Trilliant said. 

 

Trilliant, which already has more than 200 power utility customers, provides standards-based and real-time smart grid communication network solutions.

 

One utility customer, Hydro One in Ontario, Canada, has deployed Trilliant systems to 1.1 million customers as part of what it calls “the world’s largest operating time-of-use billing program.”

 

“Trilliant has demonstrated a proven track record of helping utilities successfully deploy large-scale Smart Grid solutions,” said Investor Growth Capital managing director Albert Kim.

 

Trilliant’s combination of product differentiation and project implementation expertise “provides utilities with the most functional, expandable and cost-effective path to a Smart Grid communications network.”