Alektrona, a Providence, RI-based startup focused on smart grid software and hardware, has received a $250,000 funding commitment from the Slater Technology Fund, according to Providence-based Slater. The funding is part of a $510,000 seed funding round. Thorne Sparkman, a manager director at Slater, led the firm’s investment in Alektrona. Gene Zimon, a former chief information officer of the Boston-based utility NStar (NYSE:[[ticker:NST]]), is also investing in the round. The co-founders of Alektrona are Christopher Leidigh and James Higgins, both of whom are former employees of the embedded networking business at American Power Conversion, based in West Kingston, RI.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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