Power Assure Receives $1,000,000 Series B Funding

  • Feed Type
  • Date
    11/22/2011
  • 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
    $1,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    Dominion Resources