Power Assure Secures $11,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bac39f4-c887-4037-bc76-df7917c0197b&Preview=1 -
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
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Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Good Energies Inc. -
Venture Investor
Point Judith Capital Partners
