Power Assure Gets $11.25 million Jolt of Funding
Posted on July 14, 2010 at 18:25 PM EDT
Power Assure , a Santa Clara green IT company, today announced that it scored $11.25 million in series B funding. The round was led by energy efficiency-focused investors Good Energies , and joined by Point Judith Capital and Draper Fisher Jurvetson . Power Assure's chief technology officer Clemens Pfeiffer said the company will use this capital to take its technology to a broader market. Its software cuts data centers' power consumption by half, on average, the company claims.