Accent closes €5 Million in Series B funding to expand smart grid technology offerings

Accent has closed a new round of financing of €5 Million from Silicon Valley investor Tallwood Venture Capital. The funding will be used to accelerate development and production of key communication technologies for system-on-chip solutions required by Smart Meter and Smart Home applications.

“We are delighted to add a prestigious firm like Tallwood to our shareholders. The closure of this funding is a strong endorsement of our global market reach and technology position,” said Federico Arcelli, CEO of Accent. “This funding will enable us to accelerate market introduction of next generation Smart Grid technologies, as part of our ASMgrid offering, and continue to optimally address the needs of our customers worldwide.”

Italy, Milan & USA, Palo Alto, CA

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