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Switched Source Secures Over $17 Million in Funding Round Led by Cubit Capital to Enhance Grid Capacity.
Amount Raised
$17 Million
Round Type
Venture
Investors
Description
Switched Source, based in Chicago, has secured over $17 million in funding to help utilities improve grid capacity in response to rising electricity demand. The funding will be used to scale deployment of the company's leading technology, the Phase-EQ. Cubit Capital led the funding round, with additional participation from ABB and Emerald Technology. This investment aims to enhance distribution automation technologies for utilities.
Fundz sees it the moment Switched Source raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Switched Source raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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