San Francisco-Based Grid Net Lands Investment from Cisco

San Francisco -- Grid Net, a San Francisco-based developer of smart grid and smart home software platforms for utilities and their customers, said on Thursday that it has received an unspecified equity investment from Cisco, the San Jose-based network equipment giant. The company said that it will use the proceeds to promote its network infrastructure tools, with the goal of creating an energy infrastructure built on open standards that helps utilities more efficiently transmit and distribute electricity. The company's list of partners already includes GE, Intel, Motorola and Clearwire. Grid Net launched its partner program late last year, and plans to grow it "substantially."
http://www.grid-net.com 
http://www.businesswire.com/news/home/20100325005304/en/Grid-Net-Announces-Cisco-Investment