Tuesday, July 21, 2009

Advanced Telemetry Raises Series B

San Diego-based Advanced Telemetry, a developer of energy monitoring systems, said today that it has closed a Series B investment round for the company. Size of the round was not disclosed. The firm said the round was led by Quercus Trust, and also included 21Ventures. Advanced Telemetry said the funding will go to increase production and expand sales channels for the firm's products, which are used by retailers to monitor their energy usage. The firm's customers include Taco Bell, Burger King, Arby's, and others. More information »