Virtual Power Systems Obtains $4,218,025 Series A Financing

  • Feed Type
  • Date
    4/1/2016
  • Company Name
    Virtual Power Systems
  • Mailing Address
    4699 Old Ironsides Drive Santa Clara, CA 95054 USA
  • Company Description
    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.
  • Website
    http://www.virtualpowersystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,218,025
  • Transaction Round
    Series A
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    Undisclosed