eMeter Announces $12 Million Funding

REDWOOD CITY, Calif. — eMeter Corporation announced it has completed a $12.5 million funding round led by Siemens Corporation (NYSE:SI) and joined by existing investors, Foundation Capital, and DBL Investors. With 20 million meters under contract, eMeter Corporation of San Mateo, California, provides Meter Data Management (MDM) software that enables electric, gas, and water utilities to realize the full benefits of their Advanced Metering and Smart Grid initiatives. Link.