Top stories in today’s VentureWire:
Art by Mike Lucas
Energy software-as-a-service company AutoGrid has closed a Series B round of just over $9 million from Voyager Capital and Foundation Capital, as the application layer on the power grid gets new attention from start-ups and investors. The start-up’s software helps to model and optimize all the different aspects of a power grid system by quickly analyzing reams of data from diverse devices, such as “smart meters” built into networks over the past few years.
Facebook Product Management Director Prashant Fuloriahas left the social network company to become a Mayfield Fund EIR and return to the land of start-ups, VentureWire has learned. The move comes as Fuloria wraps a decade of product management experience at Google and Facebook and marks the latest in a long line of technologists taking up residence at the Silicon Valley firm. “I feel the need to do my own thing, either developing my own ideas and creating a company or identifying an early-stage venture,” said Fuloria.
Also in today’s VentureWire, OrbiMed Advisors plans to raise $300 million for its second fund devoted to commercial-stage health-care companies in Asia, a step up from the $185 million
We recommend you visit the following site for more complete information and related topics. Article source: http://blogs.wsj.com/venturecapital/2012/10/15/the-daily-start-up-autogrid-lights-up-with-series-b-helping-grid-operators-optimize-power-distribution/