Power Assure Secures $11,000,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5bac39f4-c887-4037-bc76-df7917c0197b&Preview=1
Date
7/14/2010
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
$11,000,000
Transaction Round
Series B
Proceeds Purposes
This new infusion of funds will be used to expand the company’s sales and go-to-market initiatives for its optimization solutions, currently in production at large enterprise and government data centers.
M&A Terms
Venture Investor
Draper Fisher Jurvetson
Venture Investor
Good Energies Inc.
Venture Investor
Point Judith Capital Partners