Tendril Completes $12 Million in Series B Funding

BOULDER, Colo., -- Tendril has completed a Series B round of funding worth $12 million that will fuel the company's rapid expansion in providing energy management solutions to the utility industry. The lead investor in this round is RRE Ventures in New York (http://www.rre.com), who joins Vista Ventures, Access Venture Partners and Appian Ventures as major investors in Tendril. This investment follows Tendril's announcement earlier this quarter regarding the beta release of the Tendril Energy Management System (EMS), which facilitates dialogue between consumers an utilities for more intelligent, consumer-centric control of energy consumption. Link.