AlertMe.com, a provider of energy monitoring systems for homes, has secured £8 million in Series B funding from four venture capital investors.

AlertMe.com, a provider of energy monitoring systems for homes, has secured £8 million in Series B funding from four venture capital investors.

The investment from Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners will enable the company to extend its product development programme and expand its team.

Saul Klein, a partner at Index Ventures, says, ‘As energy demand increases worldwide, we see an urgent need for a disruptive and game-changing technology which is capable of leading a revolution in home energy consumption.’

Cambridge-based AlertMe.com, which was founded in 2006, has developed a product which monitors and controls energy-using appliances either from home or remotely via the internet, helping reduce energy costs.