Folsom, Calif., July 26, 2010 – SynapSense Corp. is deepening its relationship with GE by securing an investment and commercial partnership as part of a focus on digital energy services and the smart grid.
GE Energy Financial Services 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 Data Center Monitoring, Adaptive Control and Energy Management technology. Additional financial details of the investment were not disclosed.
“Deepening our relationship with GE through this investment and commercial collaboration will play a role in helping SynapSense deliver digital energy services that extend wireless control and resource management to the entire IT facility infrastructure,” said Peter Van Deventer, CEO of SynapSense.
GE, which has used SynapSense technology in many of its data centers including GE Corporate and NBC Universal since 2008, will now collaborate with SynapSense on digital energy through a commercial partnership with GE Intelligent Platforms, a high-performance technology business that provides software, hardware, services, and expertise in automation and embedded computing.
The partnership will combine SynapSense’s technology with GE Intelligent Platform’s Proficy Software and Control platform. This combined offering will enable data center operators to optimize energy use by continuously aligning cooling capacity with changes in IT load, saving up to 35 percent of cooling costs while ensuring security, redundancy and resiliency.
GE’s Proficy software provides real-time insight on data center and other operational performance metrics to give customers information to make better business decisions.
“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.
Ecomagination is GE’s commitment to imagine and build innovative solutions to environmental challenges while driving economic growth. It is designed to help meet customers’ demand for more energy-efficient products and drive GE’s reliable growth.
According to the Department of Energy, data centers are among the largest single sources of power demand in the U.S., consuming about three percent. Facility operators rank energy efficiency as a top concern and it is also a goal of other industry players, government and utilities.
SynapSense’s Data Center Monitoring and Energy Management solutions have been deployed in data centers operated by Fortune 500 companies from Wall Street to Silicon Valley.
SynapSense is a wireless resource management solution provider based in Folsom, Calif. SynapSense offers the most advanced wireless instrumentation platform, delivering unparalleled visibility, resiliency and energy efficiency in the world’s leading data centers.