Bill Gates, along with Khosla Ventures, has invested over $8 million as part of a Series B funding round for a power grid networking company called Varentec.
The San Jose, Calif.-based startup, which has received funding from the Department of Energy, develops software and hardware solutions that can manage electrons at the edge of power grids, in turn decentralizing them and making them more efficient.
With its “Edge of Network Grid Optimization,” Varentec can monitor and analyze voltage levels going over a power grid in real-time, providing a better solution than what exists with legacy systems today.
Khosla previously led a $7 million Series A round for the company.
Previously on GeekWire: Finally: Bill Gates admits Control-Alt-Delete was a mistake]
