Tech Company Financing Transactions
Virtual Power Systems Funding Round
Private investors invested in a $4.2 million Series A capital raise for Virtual Power Systems. This VC investment round was announced by the company on 4/1/2016.
Transaction Overview
Company Name
Announced On
4/1/2016
Transaction Type
Venture Equity
Amount
$4,218,025
Round
Series A
Investors
Proceeds Purpose
This filing covers the conversion of promissory notes into Series A Preferred Stock; conversion of Series A-2 Preferred Stock into Series A Preferred Stock; issuance of Series A Preferred Stock and Common Stock issuable upon conversion thereof. Proceeds purposes were not disclosed. 14 investors participated in the offering. The amount may include options, warrants or other securities. Contact technology company for investment details, if applicable. Not an offer or solicitation for the sale of securities or debt. SEC regulatory filing.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
691 S. Milpitas Blvd. 215
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Website
Email Address
Overview
Virtual Power Systems, Inc. (VPS) is creating a software-defined power infrastructure for data centers. Today's Data Centers ensure continuous power availability through expensive redundancy and overprovisioning, resulting in avoidable operating losses and expensive maintenance for every size and type of organisation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Shankar Ramamurthy
Chief Executive Officer
Steve Houck
Chief Technical Officer
Karim Shaikh
VP - Customer Service
Craig Broadbent
VP - Sales
Joel Davis
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Where The Data Comes From
We do our best to record every notable VC transaction. All VC database entries reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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