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Sage raises $5 million

Sage Systems announced Wednesday that it raised a $5 million third round of funding, led by Nth Power. Previous investor Cardinal Venture Capital also participated in the round, along with other investors. Alameda, Calif.-based Sage Systems has raised a total of $10 million. The company develops networking hardware and Web applications, which helps regulate energy usage and automates devices in the home. As part of the investment, Nth Power will receive a board seat. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Sage Systems announced Wednesday that it raised a $5 million third round of funding, led by Nth Power. Previous investor Cardinal Venture Capital also participated in the round, along with other investors. Alameda, Calif.-based has raised a total of $10 million. The company develops networking hardware and Web applications, which helps regulate energy usage and automates devices in the home. As part of the investment, Nth Power will receive a board seat. See complete list.