Virtual Power Systems Lands $5,458,557 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=206996ff-153a-483d-85ad-c5da21421f7e
Date
11/22/2016
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
$5,458,557
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. 9 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