Gridco Systems, which builds networking gear and software for the power grid, has closed a $10 million round, according to an SEC filing. The company's investors include venture capitalists General Catalyst, North Bridge Venture Partners, Lux Capital, and RockPort Capital.

Founded in 2010, Gridco Systems is introducing a new class of intelligent power distribution solutions that enable utilities to meet the evolving demands of the 21st century electric grid. Our solutions leverage recent advances in power electronics in combination with distributed intelligent control systems to dynamically manage power distribution below the substation with an unprecedented level of predictability and precision.

The Gridco Systems team draws upon deep experience in the utility industry and technical expertise in power electronics, digital signal processing, and distributed controls.