nlyte Software Raises $12M in Series C Funding

nlyte Software, a Menlo Park, California-based provider of Data Center Infrastructure Management (DCIM) solutions, has raised $12m in Series C funding.
The round was led by NGEN Partners, with participation from existing investors Balderton Capital, Ruffer LLP and Montalcino Holdings.
The company intends to use the new capital to expand operations, accelerate product development, strengthen the partner ecosystem and hire new staff.
In conjunction with the funding, Rosemary Ripley, managing director of NGEN, will join nlyte Software’s board of directors.
The company’s DCIM solution is designed to help data center and facilities managers optimize physical capacity including power, cooling and space. According to a press release, it enables a reduction in operating expenses by as much as 20% annually.
nlyte Software was founded in 2003 by data center professionals. 

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