Verdiem Nabs $4.7M To Help Make Computers Use Less Energy
Verdiem, the Seattle-based developer of software that helps computers use less energy, has raised $4.7 million in new equity financing out of a round that could be worth as much as $5.9 million, according to a regulatory filing.
The filing doesn’t say who is pumping in the new capital, although it says eight investors have participated in the round, and the filing lists the same five directors on the board that are profiled on the Verdiem website. A spokesman for the company didn’t immediately respond to a request for comment.
My colleague Greg Huang has reported on the growth at Verdiem, most recently in August, when it said it reached a milestone of having its software installed on one million desktop computers. Verdiem was founded in 2001, and is led by CEO Jeremy Jaech, the co-founder of Aldus, Visio, and Trumba. The Verdiem software, as Greg has described, is supposed to help big companies cut their energy bills by offering simple features like automatically turning off computers when they’re not in use, and turning them back on when they need to install software updates. Back in August, the company said more than 300 corporations, government agencies, and universities had used the software, and slashed their PC energy costs by 30 to 60 percent.
Verdiem’s board of directors includes Jaech; Mark Silverman of Catamount Ventures; Trevor Traina, an entrepreneur and private investor; Ted Schlein of Kleiner Perkins Caufield & Byers; and John Laing, a technology executive.