Investment Led by Crosslink Capital to Extend SynapSense Data Center Infrastructure Management Solutions Globally
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FOLSOM, CA, SynapSense Corporation, a leading provider of energy efficiency-focused data center infrastructure management (DCIM) solutions, today announced that the company has secured $16 million in a Series C round financing to expand company operations.
Led by Crosslink Capital, the investment will help SynapSense to provide global support for data center operations and meet the surging demand for its data center optimization platform. SynapSense solutions are being rapidly adopted by leading data center operators to optimize energy efficiency. Crosslink Capital joins an investment group in this round that includes Aeris Capital, Emerald Technology Ventures, GE Energy Financial Services, Nth Power, Robert Bosch Venture Capital and Sequoia Capital. Louis DiNardo, Partner with Crosslink Capital, has joined the SynapSense Board of Directors in conjunction with this financing.
"SynapSense has developed a data center optimization platform that delivers exceptional value and return on investment for our customers. This financing will help us extend our industry-leading platform through increased investment in product development and global market expansion. Strong customer demand validates that real ROI is the core component of the emerging DCIM segment and SynapSense has emerged as the recognized leader," said Peter Van Deventer, CEO of SynapSense.
"SynapSense has a winning solution that has attracted many of the world's largest data center operators. The company's solutions provide unparalleled energy savings and insight for Data Center Infrastructure Management. SynapSense is on a steep growth trajectory and we are thrilled to join the company and its existing investors," said Mr. DiNardo.
With customers in industries including finance, technology, healthcare, defense, aerospace and utilities, SynapSense technology has provided data center operators with unprecedented levels of visibility, resiliency and energy optimization in more than 25 different vertical market segments.
SynapSense Data Center Monitoring and Energy Management solutions have been deployed in data centers operated by Fortune 500 companies from Wall Street to Silicon Valley. SynapSense has also been recognized as a Gold Medal winner in the SearchDataCenter.com Product of the Year Awards and part of the Global Clean Tech 100 by the UK Guardian and Clean Tech groups. Additionally, BusinessWeek and market researcher, YouNoodle, named the company one of the top 50 technology startups readers should follow.
SynapSense is a leading wireless instrumentation solution provider based in Folsom, Calif. SynapSense offers the most complete data center optimization platform, delivering unparalleled visibility, resiliency and energy efficiency in the world's leading data centers. For more information, visit www.SynapSense.com