Panoramic Power has secured $8 million of Series B financing. The round was led by Marker as well as existing investors including Greylock IL, Qualcomm and ICV. ICV and Greylock Partners co-led a $4.5 million round for the company in 2011.
Panoramic Power is a provider of circuit level energy management solutions, enabling businesses to optimize their energy consumption, improve operational efficiency and generate income through load response programs. The company will use the latest financing to expand its 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.