Panoramic Power, a provider of circuit level energy management solutions, has closed series B round of financing, totaling $8 million, led by Marker as well as existing investors including Greylock IL, Qualcomm and ICV.
Panoramic Power’s granular level energy management platform meets a pressing need of enterprises to optimize energy consumption and improve operational efficiency.
By harnessing big data analytics, coupled with circuit-level visibility into energy consumption, Panoramic Power allows companies across a wide range of industries to gain insight into their energy usage – enabling the optimization of operations, processes and maintenance resources.
The latest financing will be used to expand the company’s sales, marketing and business development efforts to drive partnerships, awareness and new customers. The funds will also be used to accelerate product development in order to keep up with rising customer demand.
Richard Scanlon, managing partner of Marker, said, “Panoramic Power’s granular level energy management platform meets a pressing need of enterprises to optimize energy consumption and improve operational efficiency.”