Thursday, June 9, 2011

JouleX Secures $17 Million for Network-based Energy Management

JouleX, a start-up based in Atlanta, closed $17 million in venture funding for its enterprise energy management systems for data centers, distributed office environments and facilities.

The JouleX Energy Manager (JEM) is a network-based, "agentless" system that measures the energy consumption and utilization of all network-connected devices and systems to provide visibility into power usage across the enterprise. The system provides monitors, analyzes and controls energy usage of all network-connected devices and systems—no client-side agents or hardware meters required.

The company's current technology partners include Cisco, Intel, VMware, Juniper Networks, Enterasys and Siemens.

The investment capital came from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, in addition to existing investors Target Partners and TechOperators. JouleX plans to use the capital to expand its development and sales footprint into growth markets around the world.

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