Power Assure Obtains $13,500,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18493276-5ed1-4991-914e-31d6283e52a7&Preview=1 -
Date
9/26/2011 -
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
$13,500,000 -
Transaction Round
Series B -
Proceeds Purposes
The financing will be used to expand Power Assure’s sales and marketing for continued growth as the leader in data center infrastructure and energy management solutions. It will also be used to increase investments in engineering to further its technology advantage. -
M&A Terms
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Venture Investor
ABB Technology Ventures -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Good Energies -
Venture Investor
Point Judith Capital Partners
