Racktivity— a provider of hardware and software-as-a-service that manages power consumption within data centers— closed an $8 million series B investment, the company announced today. The round was led by Partech International and joined by the startup’s seed investors Big Bang, along with a group of angels based in Europe. The company was founded in Belgium, and recently opened offices in Redwood City, Calif.
The chief executive of Racktivity, Marco DeMiroz, is a former Trinity Ventures partner, and serial clean tech and IT entrepreneur, who took the reigns from founder Kristof De Spiegeleer in June 2010. The company appealed to him then, and its new series B investors because, said DiMiroz:
“It is all about energy costs today. They have been skyrocketing globally! At the same time, data centers have been paring down their staff to run their operations more cost efficiently. You still need human interaction within the data center, though. Our hardware and software are designed to help people manage as many data centers as they need to, remotely. There’s no other venture-backed company offering both the hardware and the software that lets you do this today.”
Racktivity’s hardware— including “pizza box” and vertical power distribution units— is currently being reviewed and tested by Underwriter Labaratories, the de-facto authority for testing and listing electronics as safe and compliant within U.S. electrical codes. The company expects to attain UL-certification by February 2011, DeMiroz said.
Within the data center, Racktivity’s hardware and software-as-a-service is used to monitor installed equipment, generate real-time reports on how it is functioning and how much power the equipment uses, then automatically power down servers and routers that are idle.
With its newly attained capital, Racktivity plans to hire 20 more employees in the next year, and possibly set up manufacturing operations in the U.S. Its products are currently made in Europe. DeMiroz mentioned Racktivity plans to unveil a new “disruptive value proposition” in the spring, but would not elaborate on what features or products this would encompass.
Currently, Ractivity’s customers are data center owners and operators with 300 cabinets or more. The company also sells its wares to small and medium-sized businesses outside of this profile through a partnership with Zenith Infotech.
Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry’s only integrated hardware and software for critical infrastructures. The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributed data centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances. Racktivity’s EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced...
Founded in 1982, Partech International is a global venture capital firm with offices in the US, Europe and Israel. The firm focuses exclusively on Information Technology. Partech currently has $850 million under active management.