Opti Automation raises EUR 4M for further developing OptiWatti.

Opti Automation, an Espoo, Finland-based company providing a smart power management, raised an investment package of EUR 4M ($4.5M). The backers include Taaleri and Butterfly Ventures.

Opti Automation, founded in 2013 by CEO Juha Marjeta, developed OptiWatti, a fully automated system to optimize the heating at households or small offices. OptiWatti operates with direct electric heating systems and can save up to 30-40% of the electricity consumption.