Racktivity Secures $8,000,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa7ffaf7-06d7-4619-aeb9-a38fba115772&Preview=1
Date
12/1/2010
Company Name
Racktivity
Mailing Address
2100 Seaport Blvd. Redwood City, CA 94063
Company Description
Racktivity was founded in 2008 to fulfil the need for more efficient management and control of infrastructure within the Datacenter. The Racktivity team has substantial experience in datacenters and hosting and is focused on delivering automated control of critical infrastructure with improved reliability to help drive down management costs.
Website
http://www.racktivity.com
Transaction Type
Venture Equity
Transaction Amount
$8,000,000
Transaction Round
Series B
Proceeds Purposes
The funds will be used to accelerate Racktivity’s product, technology and market development initiatives.
M&A Terms
Venture Investor
Partech International
Venture Investor
Big Bang Ventures