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Gridco Raises $12M for Power Electronics to Tame the Grid Edge

Gridco Systems, a startup offering next-generation power electronics devices to actively manage voltage and reactive power at the distribution circuit level, has raised $12 million in a funding round that includes existing investors, as well as an intriguing new strategic investor -- German power transformer regulation company Maschinenfabrik Reinhausen GmbH (MR). The new round brings the Woburn, Mass.
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