Smart Grid Predictive Analytics Startup Grid4C Raises $5 Million

Smart grid predictive analytics startup Grid4C Ltd. announced on Monday a funding round of $5 million, led by Israel-based venture capital firm Israel Cleantech Ventures, representing French electric utility Engie SA. iAngels Crowd Ltd and AxessVentures also participated in the round.

Founded in 2013 by Noa Ruschin-Rimini, Grid4C is headquartered in Austin, Texas. The company’s clients include some of the world's largest power suppliers, including Engie, Centrica PLC, and China Light and Power Co Ltd, according to company statements.