JouleX Raises $17M

JouleX, an Atlanta, GA-based provider of enterprise energy management systems for data centers, distributed office environments, and facilities, has received $17m in capital.

Investors include new backers Sigma Partners, Flybridge Capital Partners and Intel Capital, and existing shareholders Target Partners and TechOperators.

JouleX intends to use the funds to expand its development and sales efforts to grow in new markets.

Founded in 2009 and led by president and CEO Tom Noonan, the company provides a technology platform – JouleX Energy Manager (JEM) – that measures the energy consumption and utilization of all network-connected devices and systems across the interprise. It works without the use of software agents.
JouleX’ technology partners include Cisco, Intel, VMware, Juniper Networks, Enterasys and Siemens.

The company, which operates offices in Paris, Munich and Kassel, Germany and Tokyo, Japan, serves approximately 100 customers throughout North America and Europe.



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