Virtual Power Systems’ (VPS) board of directors announced that the company has secured $12 million in funding from new and existing investors as well as confirmed the interim CEO, Dean Nelson, as the new permanent CEO.
Dean Nelson, CEO of Virtual Power Systems
As the pioneer of Software-Defined Power, VPS transforms data center power distribution by extending the value of virtualization to the power plane, increasing electrical power utilization and efficiency of data center IT infrastructure. VPS’ ground-breaking Intelligent Control of Energy (ICE) technology tracks real-time data center power usage and dynamically allocates energy to data center servers, racks and systems lowering costs while simultaneously maintaining, and in many cases, increasing data center uptime.
The additional $12 million in capital brings the total investment in VPS to $46 million. This raise will be used to expand the team, customer engagements, partnerships, and product development of Software-Defined Power (SDP) across the Intelligent Control of Energy (ICE) hardware and software platform.
For more information on how Software-Defined Power and Intelligent Control of Energy (ICE) platform enables the future of decentralized power, visit: virtualpowersystems.com/ice
