Verdiem pulls in $12M for power-saving software
Verdiem, a Seattle, Wash. startup that makes PC software capable of reducing energy consumption across networks of computers, has raised a fresh round of funding as it expands.
Its Surveyor software can reduce the energy consumption of an average computer by about 30 percent, according to the company, lowering electricity consumption across the average organization by 3-6 percent. The payback time, it says, it 18 months or less.
Although this latest funding is Verdiem’s sixth, it is by far the largest round the company has taken to date. NCD Investors led the round, while Kleiner Perkins Caufield & Byers, Catamount Ventures, and Phoenix Partners also participated. The company has raised a total of $27 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.