| FOLSOM, Calif.--(BUSINESS WIRE)--SynapSense Corporation, a leading provider of wireless instrumentation solutions aimed at reducing energy costs and carbon footprint of data centers worldwide, has held a final close of its previously announced Series B financing round. Sequoia Capital has joined Emerald Technology Ventures and existing investors American River Ventures, Nth Power and DFJ Frontier in the company’s latest equity financing. With this secondary closing, the Series B financing increased to $11 million. "The addition of Sequoia Capital and Emerald Technology Ventures to our existing investors completes our exceptional investment group and further validates that our wireless instrumentation solutions will grow beyond the data center to blanket the enterprise,” said Peter Van Deventer, CEO of SynapSense. “Financial support from this group is a strong confirmation of our technology and team, and we are thrilled with the reception that our solutions are receiving from market and industry leaders." As the “Entrepreneurs Behind the Entrepreneurs,” Sequoia Capital's partners have worked with Apple Computer, Oracle, Cisco Systems, Yahoo!, Google, YouTube and many others. “Data centers are rapidly growing in number, size, density, performance, heat output and power requirements. Operators are increasingly sensitive to the escalating economic and environmental costs associated with the significant energy consumed in keeping these facilities properly cooled,” said Michael Goguen, Partner at Sequoia Capital. “SynapSense has developed a breakthrough solution for this problem and we are pleased to have the opportunity to join the SynapSense team.” In connection with the Series B financing, Scott MacDonald of Emerald Technology Ventures has joined the SynapSense Board of Directors. The SynapSense Wireless Green Data Center Solution The SynapSense Wireless Green Data Center Solution enables data centers to dramatically reduce energy costs and carbon footprint while optimizing data center operational efficiencies. Customers have found that the SynapSense Wireless Green Data Center Solution provides data center operators up to one million vital signs per day, which can enable savings of up to 30 percent of energy costs by providing new data intelligence, triangulation and tools to monitor and react to actual data center conditions. The SynapSense Wireless Green Data Center Solution is available now to customers. SynapSense is a leading wireless instrumentation solutions provider based in Folsom, Calif. SynapSense offers the world’s first wireless instrumentation platform featuring SynapSense OneClick Architecture™, providing customers with a complete software solution and extensive monitoring, tracking and alert capabilities. For more information about SynapSense, visit www.synapsense.com |
