Cambridge-based greentech company Sense has secured $10 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 29 and led by IDO Investments.
According to its Crunchbase profile, "Sense, a technology company, provides home energy monitoring solutions for its customers. The company specializes in developing and distributing tracking devices and home automation solutions."
The seven-year-old company has raised four previous funding rounds, including an $18 million Series B round in 2018.
The round brings total funding raised by Cambridge companies in sustainability over the past month to $18 million. The local sustainability industry has produced 12 funding rounds over the past year, raking in a total of $467 million in venture funding.
In other local funding news, biofuel company Agrivida announced an $8 million funding round on July 24, led by Open Prairie.
According to Crunchbase, "Agrivida, Inc., an agricultural biotechnology company, creates renewable, biomass-based alternative fuels and raw materials. It develops corn varieties that are optimized for producing ethanol from corn stover."
Founded in 2002, the company has raised 12 previous rounds, including a round in 2017.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
