Power Assure Secures $11,000,000 Series B Financing

  • Feed Type
  • Date
    7/14/2010
  • Company Name
    Power Assure
  • Mailing Address
    2394 Walsh Avenue Santa Clara, CA 95051
  • Company Description
    Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company’s software platform intelligently manages data center server capacity in real time, maintaining required service levels at optimum efficiency and lowest total cost.
  • Website
    http://www.powerassure.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This new infusion of funds will be used to expand the company’s sales and go-to-market initiatives for its optimization solutions, currently in production at large enterprise and government data centers.
  • M&A Terms
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    Good Energies Inc.
  • Venture Investor
    Point Judith Capital Partners

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