Virtual Power Systems, a Milpitas, Calif.-based provider of solutions for data center and cloud providers to provision, manage and utilize power capacity, secured $12m in funding.
The raise, which brings the total investment to $46m, will be used to expand the team, customer engagements, partnerships, and product development of Software-Defined Power (SDP) across the Intelligent Control of Energy (ICE) hardware and software platform.
The company also announced that interim CEO, Dean Nelson, has been named permanent CEO. Prior to VPS, Nelson has driven more than $10 billion in infrastructure projects across three continents for Sun Microsystems, eBay and Uber.
As a pioneer of Software-Defined Power, VPS transforms data center power distribution by extending the value of virtualization to the power plane, increasing electrical power utilization and efficiency of data center IT infrastructure. Its Intelligent Control of Energy (ICE®) technology tracks real-time data center power usage and dynamically allocates energy to data center servers, racks and systems lowering costs while simultaneously maintaining, and in many cases, increasing data center uptime.
FinSMEs
12/08/2020
