SynapSense Raises $16 Million for DCIM
SynapSense has secured $16 million in a Series C round financing to expand company operations.The company's wireless sensor technology helps data center operators monitor operating conditions and energy use.
July 20, 2011
The market for data center infrastructure management (DCIM) tools continues to see strong activity. Today SynapSense announced that the company has secured $16 million in a Series C round financing to expand its operations.
Led by Crosslink Capital, the investment will help SynapSense to provide global support for data center operations and meet the strong demand for its data center optimization platform, the company said. Synapsense's technology helps data center operators monitor energy use and cooling conditions through a network of sensors managed by a wireless network.
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 previously raised $10 million in 2007 , $7 million in 2009 and$5 million in 2010.