Accent, a specialist in semiconductor integration of communications and metering technologies, announced that it has closed a new round of financing of €5 million from Silicon Valley investor Tallwood Venture Capital. The funding will be used to accelerate development and productization of key communication technologies for system-on-chip solutions required by Smart Meter as well as emerging Smart Home applications.
Thanks to major Smart Grid design wins in North America and China with industry leaders such as Itron and Topscomm, Accent has amassed significant traction in the AMR/AMI market space. As the Smart Grid industry continues to define an open, standard-based framework for deployments, meter vendors need quick access to cost effective silicon solutions incorporating the latest technologies for in-home networks and communication back to the utility.