Power Assure Raises Additional $11.25m in Funding

Power Assure, a Santa Clara, CA-based provider of Dynamic Data Center Optimization software for large enterprises, government agencies, and managed service providers, has raised an additional $11.25m in funding.
The funds were provided by Good Energies, Point Judith Capital, and Draper Fisher Jurvetson.
In conjunction with the funding, Bernard Brenninkmeijer from Good Energies and Zaid Ashai from Point Judith Capital joined the company’s board of directors.
Power Assure has also received a $5m grant from the Department of Energy

This new capital infusion will be used to expand the company’s marketing and sales initiatives for its software-as-a-service optimization solutions, which enable CIOs, IT directors, and facilities managers to optimize capacity, service levels, and power consumption within and across data centers.

The software is currently in production at large enterprise and government data centers.
FinSMEs
14/07/2010

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