Venture capitalists are pumping money into smart grid startups.
By comparison, smart grid investments totaled 81 million across 13 deals during the second quarter. But funding is slightly down from the year-ago third quarter, which saw $148 million raised in 31 deals.
In a statement, the group explained:
The Top VC funded companies in Q3 2014 were led by Savant Systems, a home automation solutions provider, which raised $90 million. ThetaRay, a big data analytics and cyber security solutions provider whose solutions also include industrial SCADA and critical manufacturing networks, raised $10 million, Verdigris Technologies, a provider of cloud analytics software to optimize energy consumption for buildings, raised $7.7 million, and Origami Energy, provider of a technology platform for the intelligent active management of distributed energy assets allowing renewable energy generators, storage providers and energy users to trade at a micro-grid level, received $5.7 million.
Chargemaster, with $5.1 million raised, rounds out the top five.
Beating out smart grid firms, energy efficiency specialists snapped up $336 million across 27 deals in the third quarter. Lextar Electronics took home $83 million while Lattice Power and Renovate America took in $80 million and $50 million, respectively.