Racktivity Closes $8M Series B Financing Round

Racktivity, a Redwood City, California-based provider of innovative energy and uptime management solutions for data centers, closed an $8m Series B round of financing.
The round was led by Partech International, with the participation of existing investor Big Bang Ventures.
The company intends to use the funds to accelerate Racktivity’s product, technology and market development initiatives. Racktivity is establishing and expanding its sales presence in the U.S. and Europe 
 offers smart power distribution units
The company’s integrated real-time analytics solutions are designed to substantially improve uptime and reduce energy consumption, costs and carbon emissions of data centers. 
After launching its Rack Controller power distribution unit (PDU) in Europe during the summer of 2010, Racktivity plans to deliver it, integrated with its comprehensive energy and uptime management software platform, to the U.S. market during the first quarter of 2011. 
In conjunction with the funding, Nicolas El Baze, and Ashish Puri, a principal and a general partner at Partech International respectively, will join the company’s board. In November, Ed Sterbenc, a sales executive with experience in global enterprise IT markets, joined Racktivity as vice president of worldwide sales.

Founded in 2009 in Ghent, Belgium, by Wilbert Ingels, an experienced executive in data center technologies, Racktivity received seed funding from Kristof De Spiegeleer.


One comment

  • Now, a major American ICT company can pay a further 100 million dollar for technology that will be never used, remember the Q-layer story.

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