Virtual Power Systems Raises $17 Million In Growth Capital
Funding extends technology leadership and accelerates customer adoption while innovating hyperconverged power infrastructures.
Virtual Power Systems (VPS) has announced it secured $17 million in Series B Financing led by CUI Global with participation from the majority of existing investors. This round of funding will extend VPS’ technology leadership while accelerating R&D and marketing efforts to convert the world’s largest data centers as VPS customers.
“This latest financing reinforces investor confidence in our ability to set new standards in power infrastructure efficiency and economics,” said Steve Houck, CEO of Virtual Power Systems. “As the SDP category leader, we are driving rapid market adoption through a robust ecosystem of power infrastructure hardware partners while transforming data center power management and utilization, enabling the next generation of Software Defined Data Centers.”