UMC Capital Corp (宏誠創投), the corporate venture arm of Taiwan’s semiconductor foundry United Microelectronics Corp (UMC, 聯電), announced yesterday it has invested in Trilliant Inc, a provider of smart grid communications solutions in the US.
UMC Capital joined Investor Growth Capital, VantagePoint Venture Partners, ABB and GE in Trilliant’s latest round of financing, a statement issued by Trilliant said.
“Utilities [firms] are looking to leverage advanced communications technologies to build out their smart grid infrastructure and Trilliant offers solutions that are based on an internationally available spectrum. This makes Trilliant’s solutions immediately deployable into the Asia-Pacific market,” president of UMC Capital D.C. Cheng (鄭敦謙) said.
Trilliant offers smart grid solutions that enhance energy efficiency, utility operations and renewable resource integration.
Following the financing, -Trilliant is opening a corporate office for the Asia-Pacific market to support potential utilities customers.
Along with the investment, UMC will be assisting Trilliant with its planned market expansion, the statement read.
“The Asia-Pacific market represents a strong growth area for Trilliant,” said Andy White, president and CEO of Trilliant, adding that the company is ready to make its foray into Asia by riding on UMC’s expertise and its upcoming Asian offices.