Tech Company Financing Transactions
Power Assure Funding Round
Power Assure closed a $1 million Series B financing round on 11/22/2011. Investors included Dominion Resources.
Transaction Overview
Company Name
Announced On
11/22/2011
Transaction Type
Venture Equity
Amount
$1,000,000
Round
Series B
Investors
Proceeds Purpose
This investment will be combined with other series B financing 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 engineering investments in the area of smart-grid integration for data centers.
Company Information
Company Status
Out of Business
Industry
Software
Mailing Address
2390 Walsh Avenue
Santa Clara, CA 95051
USA
Santa Clara, CA 95051
USA
Phone
Website
Email Address
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pete Malcolm
Chief Technical Officer
Clemens Pfeiffer
VP - Engineering
Andrew Stickler
VP - Sales
Peter Maltbaek
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Next: 11/22/2011: Remedy Pharmaceuticals venture capital transaction
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