The round was led by CUI Global with participation from the majority of existing investors.
The company intends to use the funds to continue to expand its development efforts while accelerating R&D and marketing efforts.
Led by Steve Houck, CEO, Virtual Power Systems enables energy to be reallocated on-demand to data center racks, nodes, workloads or circuits using AI and machine learning to predict and respond to changes in power capacity and demand. SDP-enabled power components, including uninterruptible power systems, generators, power distribution units, battery backups and power supply units, can react quickly and effectively to sudden shifts and surges in power usage patterns.
The company’s Software Defined Power® and Intelligent Control of Energy® (ICE) technology platform is used by data center and cloud providers to manage and utilize power capacity and eliminate the need to over-provision power as it dynamically adjusts power delivery as demand fluctuates across data-center workloads, servers and racks.
Additionally, VPS empowers enterprise customers to reduce power infrastructure wait times and costs.
In addition to CUI, the company is collaborating with the majority of power infrastructure and IT vendors to integrate VPS Intelligent Control of Energy® (ICE) software into proven power hardware and software systems. Recent integrations include Artesyn Embedded Technologies, Schneider Electric, CE+T and VMware.
FinSMEs
19/03/2019