Monday, June 6, 2011

Redwood Systems Adds $3.5M To Series B

Fremont-based Redwood Systems, a developer of LED lighting controls for the building automation market, said last week that it has raised $3.5M in an additional Series B funding, from Mitsui & Co. The strategic investment follows an earlier, Series B funding of $15M announced in October of 2010 by the company. The firm's other backers are Battery Ventures, U.S. Venture Partners and Index Ventures. More information »