April 25, 2012 source: Adura Technologies press release
ADURA GROWTH REPRESENTS A 273 percent jump in revenue in 2011 over 2010
Adura Technologies, one of our energy technology portfolio companies and a leading provider of wireless lighting controls and energy management systems, today announced that they added the 500,000 square foot Kaiser Center Garage, one of the largest privately-owned garages in Oakland, to the list of facilities under the control of the company’s Wireless Lighting Control System. The company has also announced the completion of an $8.5 million Series B round of funding.
The new funding round, which closed on February 10, came from investors including NGEN Partners, VantagePoint Capital Partners and Claremont Creek Ventures. The funding reflects confidence in the company’s growth, perhaps best represented by a 273 percent jump in revenue in 2011 over 2010.
The smart building controls market represents a huge investment opportunity. Adura’s wireless control technology offers compelling solutions for the challenges control systems must meet to encourage widespread adoption. We’re proud that this has proved the case with our Oakland neighbor, the landmark Kaiser Center.
We are proud of Adura!
Read the full press release on the Adura website: