By Silicon Valley / San Jose Business Journal

Trilliant Inc. said on Thursday it has raised financing totaling $106 million from a global syndicate of industry and financial leaders.

The Redwood City provider of advanced metering and smart grid hardware and software said the financing round was led by Investor Growth Capital (the wholly-owned venture arm of Investor AB of Sweden), San Bruno-based VantagePoint Venture Partners and two global grid-related equipment companies, ABB and General Electric Co.

The company said the financing, which was coordinated by Deutsche Bank, also includes a credit facility from a major venture credit provider it didn't name as well as continuing financial support from existing investors Norwalk, Conn.-based MissionPoint Capital Partners and London-based zouk ventures.

Trilliant said the new investment will be used to finance its growth in North America and globally.

Copyright 2010 American City Business Journals
Copyright 2010