First institutional round of financing completed


Prakash Chakravarthi,
Eka Systems
Germantown, MD, U.S.A. — (METERING.COM) — July 23, 2007 – Eka Systems, a provider of wireless sensor and mesh networking products and solutions, has completed a Series C financing led by Angeleno Group and Rockport Capital Partners with participation from existing investors. The financing enables Eka to expand sales and marketing efforts and to address the increasing demand for large scale deployments so that utilities can realize the benefits of smart metering and the smart grid. In addition, Eka will continue to expand its penetration into the mobile network market for commercial and industrial meters along with Itron.

"Angeleno Group and Rockport Capital Partners are two of the best partners in the energy technology space for high growth companies with superior technology," said Prakash Chakravarthi, CEO, Eka Systems. "We are delighted to have them onboard after rigorous and thorough due diligence of the technology and the team. Now, with the financing and the ability to bring to bear greatly increased resources, we can focus on delivering the best solution to the utilities’ current and emerging requirements."

Founded in 2000, Eka offers end-to-end intelligent wireless device networking solutions for large-scale monitoring, control and automation. Eka’s initial product suite is a two-way, wireless mesh advance metering system for the AMR/AMI markets. Eka’s mesh networking technology, EkaNet™, is the device networking platform and the technology underpinning Eka’s products. The network allows the platform technology to be configured for different performance requirements such as large scale networks, mobile networks, or fast access/low latency networks.