US VC giant Khosla Ventures has reportedly invested $3m in energy monitoring start-up Bidgely.
According to a report in Greentechmedia, the California-based start-up has secured the cash having worked with the Electric Power Research Institute and Stanford University on a consumer energy project for the Department of Energy's ARPA-E programme.
Bidgely - which translates to electricity in Hindi - has developed patented cloud-based disaggregation algorithms to measure energy consumption by each appliance.
It claims its 'big data' energy analytics platform helps utilities leverage their investment by engaging consumers and providing them with innovative tools to save energy in a convenient, cost-effective and actionable way.
Last month, Khosla made an equity injection into Blue River Technology, a developer of computer vision and robotics for the agricultural sector.