Tech Company Financing Transactions

Power Assure Funding Round

Power Assure, operating out of Santa Clara, secured $13.5 million from ABB Technology Ventures, Good Energies and Point Judith Capital Partners.

Transaction Overview

Company Name
Power Assure
Announced On
9/26/2011
Transaction Type
Venture Equity
Amount
$13,500,000
Round
Series B
Investors

ABB Technology Ventures (Lead Investor) (Andrew Tang)

Good Energies (Bernard Brenninkmeijer)

Point Judith Capital Partners (Zaid Ashai)

Threshold Ventures (Josh Raffaelli)

Proceeds Purpose
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.

Company Information

Company Status
Out of Business
Industry
Software
Mailing Address
2390 Walsh Avenue
Santa Clara, CA 95051
USA
Phone
408-980-1900
Website
www.powerassure.com
Email Address
[email protected]
Overview
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.
Profile
Power Assure LinkedIn Company Profile
Social Media
Power Assure Company Twitter Account
Company News
Power Assure News
Facebook
Power Assure on Facebook
YouTube
Power Assure on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Pete Malcolm
  Pete Malcolm LinkedIn Profile  Pete Malcolm Twitter Account  Pete Malcolm News  Pete Malcolm on Facebook
Chief Technical Officer
Clemens Pfeiffer
  Clemens Pfeiffer LinkedIn Profile  Clemens Pfeiffer Twitter Account  Clemens Pfeiffer News  Clemens Pfeiffer on Facebook
VP - Engineering
Andrew Stickler
  Andrew Stickler LinkedIn Profile  Andrew Stickler Twitter Account  Andrew Stickler News  Andrew Stickler on Facebook
VP - Sales
Peter Maltbaek
  Peter Maltbaek LinkedIn Profile  Peter Maltbaek Twitter Account  Peter Maltbaek News  Peter Maltbaek on Facebook

 

 

Browse more venture capital transactions:

Prev: 9/23/2011: The Grommet venture capital transaction
Next: 9/26/2011: ioRevolution venture capital transaction

 

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