Blue Pillar Secures $14M Led by EnerTech Capital

Frederick, MD – March 16, 2015 – Blue Pillar, a leading provider of software-based solutions that increase real time visibility and control into distributed energy assets, today announced a $14 million financing led by EnerTech Capital. This round of financing also included the Maryland Venture Fund and existing investors Allos Ventures, Arsenal Venture Partners and Claremont Creek Ventures and will scale the company to meet the accelerating demand for its Aurora® Digital Energy Internet of ThingsTM and Avise ForesiteTM Centralized Facility and Fleet Management software platforms.

“Blue Pillar had a record year in 2014 for both revenue and new customer additions” said Tom Willie, CEO of Blue Pillar. “What is even more exciting is that we have already surpassed our entire 2014 sales bookings in the first two months of 2015. This financing enables Blue Pillar to scale our business, building on the breakout opportunities emerging in both our traditional and new customer segments. We can also continue to expand our Internet of Things, energy management, and centralized facility and distributed energy resource software solutions to meet these emerging marketplace needs.”

Read the full company Press Release here 

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