Copper Labs closes $2M funding round

BOULDER — Copper Labs Inc., a startup developing real-time utility-monitoring devices, has raised $2 million in a funding round led by National Grid Partners, the investment arm of National Grid PLC.

The investment will support the company’s “efforts to help electric, gas and water utilities engage consumers with real-time meter data for improved control, with or without smart meters,” according to a company news release.

Dillon McDonald, vice president of incubation at National Grid Partners, will join the Copper Labs board of directors, the release said. 

“National Grid has earned its reputation as a leading proponent of grid modernization, and we are thrilled to join the NGP portfolio of innovative companies delivering greater value to customers and building grid resiliency,” Copper Labs CEO Dan Forman said in the release. “We are already taking advantage of the significant resources that National Grid Partners brings as we accelerate the deployment of our solutions, including real-time residential voltage detection in our latest hardware release.”

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