DatacenterKnowledge post that DCIM vendor Power Assure has closed due to lack of funding.
Power Assure, a Santa Clara, California-based data center infrastructure management startup, has been dissolved, Clemens Pfeiffer, the company’s now former CTO, said.
The company failed to raise enough money to continue operating, he said, adding that he did not have any further details about what had led to the dissolution.
Below is the funding that Power Assure had.
It followed a $2.5 million Series A round in 2009 with an $11.25 million round the following year and a $14.5 million Series B in 2011. In 2010, the U.S. Department of Energy awarded the company a $5 million grant as part of the American Reinvestment and Recovery Act of 2009, also known as President Barack Obama’s “stimulus package.”
Investors in Power Assure included ABB Technology Ventures, Dominion Energy Technologies, Draper Fisher Jurvetson, Good Energies and Point Judith Capital. The company had struck partnerships with numerous vendors, including VMware, Cisco, Dell, IBM, Intel, ABB, Raritan and In-Q-Tel.