GE Energy is joining SynapSense's investors Emerald Technology Ventures, Sequoia Capital, Robert Bosch Venture Capital, American River Ventures, Nth Power and DFJ Frontier in a combined $5 million investment for the development and market expansion of SynapSense's technology.
SynapSense Corporation, whose technology improves energy efficiency and cuts power and cooling costs in data centers, is deepening its relationship with GE by securing an investment and commercial partnership as part of a focus on digital energy services, the Smart Grid and ecomagination.
The combined investment provides for the development and market expansion of SynapSense's Data Center Monitoring, Adaptive Control and Energy Management technology.
"SynapSense is a strong addition to GE's digital energy, Smart Grid and ecomagination-related investments, offering multiple commercial and development collaboration opportunities in a data center equipment market estimated at $40 billion a year, with annual electricity consumption costing $7 billion," said Kevin Skillern, head of venture capital investing at GE Energy Financial Services.
SynapSense is a wireless resource management solution provider that offers an advanced wireless instrumentation platform, delivering visibility, resiliency and energy efficiency to the world's data centers.
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