Rackitivity Raises $8M

12/1/10

Rackitivity, a Belgian startup that just opened its U.S. headquarters in Redwood City, CA, said today that it has raised $8 million in Series B funding. Partech International led the round, which was joined by Big Bang Ventures. Rackitivity makes power distribution units that help manage energy consumption in corporate data centers. It said in its announcement that the new funds will be used “to accelerate Racktivity’s product, technology and market development initiatives.”

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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