JouleX raises $17 million for enterprise energy management

JouleX raises $17 million from Intel Capital and others to expand its enterprise energy management systems in Asia and elsewhere.
Written by Andrew Nusca, Contributor on

Enterprise energy management system provider JouleX on Friday announced that it had raised $17 million in expansion capital, led by new investors Sigma Partners, Flybridge Capital Partners and Intel Capital.

The company, which offers services for datacenters, facilities and distributed office environments under the name "Energy Manager," will use the capital to boost focus on development and global sales.

Existing investors Target Partners and TechOperators also contributed to the funds.

The company calls its platform the first network-based, “agentless” energy management system. It measures energy consumption and utilization of all network-connected devices and systems, giving managers visibility into power usage across the enterprise.

The pitch is that by monitoring, analyzing and controlling consumption in the datacenter, managers can reduce their energy bills -- without the need for hardware meters or client-side agents. That's a big deal, since most of the energy hogging in a datacenter isn't for computing, but cooling and other critical but ancillary systems.

The company has 100 customers split between North America and Europe; the new funds will put some fire into newer markets such as Japan. (It recently opened its first office in Tokyo.) It also counts partners in Cisco, Intel, VMware, Juniper Networks, Siemens and Enterasys.

This post was originally published on Smartplanet.com

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