SynapSense Corp., a Folsom, Calif.-based provider of wireless energy efficiency solutions for data centers, has raised $7 million in third-round funding. Robert Bosch Venture Capital was joined by return backers Emerald Technology Ventures, Sequoia Capital, American River Ventures, Nth Power and DFJ Frontier. The company had previously raised around $13 million.
SynapSense Corporation, a leading provider of wireless energy efficiency solutions for the data center, today announced that the company has received $7 million in additional investments.
Robert Bosch Venture Capital GmbH joins SynapSense’s current investors participating in this financing, which include Emerald Technology Ventures, Sequoia Capital, American River Ventures, Nth Power and DFJ Frontier. SynapSense will use the proceeds from this investment to further technology development and expand market leadership of the company’s Wireless Data Center Monitoring and Energy Management solutions. The financing will also enable SynapSense to extend its wireless instrumentation solutions into new market segments beyond the data center.
“SynapSense is enabling the energy efficient operation of data centers ranging from the world’s leading stock exchange and America’s largest mobile phone operator to a premier web portal and the world’s busiest social networking site,” said SynapSense Chief Executive Officer Peter Van Deventer. “For the first time, operators have the tools required for continuous optimization of the data center.”
“We are honored to welcome Robert Bosch Venture Capital GmbH to our investment group, as we work to provide enterprises with the tools and metrics necessary to increase data center visibility and improve energy efficiency,” Van Deventer added.
“We are pleased to invest in SynapSense and are impressed with the company’s robust platform and its ability to scale in the data center and across the enterprise,” said Dr. Claus Schmidt, Executive Vice President Technology of Robert Bosch Venture Capital GmbH, the venture capital arm of Robert Bosch GmbH, one of Europe’s largest diversified corporations.
The SynapSense Wireless Data Center Monitoring and Energy Management solution features LiveImaging™, the first energy and operational efficiency solution that provides real-time thermal, pressure and humidity mapping constructed from wireless sensor data. Upon deployment of the SynapSense wireless network, LiveImaging instantly enables data center operators to see current operating conditions, identify optimization opportunities and quantify the impact of the improvements they make to save energy. SynapSense is also working with many of the world’s leading data center operators to implement real time PUE and DCiE measurement and comprehensive energy monitoring. Real-time data center monitoring with measurable and continuous optimization is quickly becoming the next data center “best practice.”
SynapSense Corporation is a leading provider of wireless energy efficiency solutions for the data center. Based in Folsom, Calif., SynapSense is a recipient of the United States Department of Energy 2008 Energy Innovator Award. For more information about SynapSense, visit www.SynapSense.com.