Lumenergi Future Looks Bright With $12.7 Million Funding

Lumenergi a Newark, Calif. business closed a $12.7 series B funding round led by Braemar Energy Ventures the company announced today. It plans to use the capital to take its LED lighting systems -- which are like dimmers on steroids and smart pills -- from residential to mid-sized commercial sites, to large scale commercial and industrial sites. It will especially seek projects in "energy intensive" regions where the power supply may be limited, or strained by harsh weather for example.