Vigilent Closes $6.7 Million Investment Led By Accel Partners Strategic Financing to Drive Rapid Rollout of Company's Big Data Solutions for Energy Optimization
EL CERRITO, Calif. and PALO ALTO, Calif., March 27, 2012 /PRNewswire/ -- Vigilent, the leader in intelligent energy management systems for data centers, telecommunications facilities and large buildings, closed $6.7 million in investments led by Accel Partners, the companies announced today.
Vigilent joins Accel Partners' new Big Data fund, providing groundbreaking energy efficiency optimization through big analytics. With more than 90 deployments throughout the United States, Canada and Japan, the company is profitable and on track to double revenues again this year. Vigilent will use the investment proceeds to expand its portfolio of energy management products, move into new geographic regions and expand staffing.
"We have the extraordinary good fortune to have exactly the right technology at the right time," said Mark Housley, Vigilent CEO. "Energy management is increasingly costly and yet poorly understood. Our technology changes this dynamic dramatically and instantly. We leverage big data analytics to intelligently and proactively optimize energy efficiency in automated, real-time response to changing conditions. The cheapest kilowatt hour is the one you've never used. We are pleased with the confidence that Accel Partners, along with our previous investors, have placed in us to help companies gain control of their cooling energy spends."
"Vigilent has demonstrated a unique ability to harness data center energy use while providing actionable, non-intuitive operational energy management insights through Big Data analytics," said Rich Wong, Partner at Accel Partners. "With proven technology and a significant track record with Fortune 50 companies, we believe Vigilent will have a transformative effect on energy efficiency in critical building infrastructure."
Super angel investors including Gaurav Garg and Peter Wagner also participated in this round.
Vigilent uses the power of Big Analytics to optimize energy management in data centers and telco central offices. The system analyzes Big Data from hundreds to thousands of wireless sensors deployed throughout a single data center or portfolio-wide, to deliver real-time information informing a sophisticated artificial intelligence (AI) engine at the core of the Vigilent system. Big Analytics provides constant updates to dynamically control cooling and air handling resources, taking fully-automated control of a complex mix of equipment. The system adapts and balances resources to meet minute-by-minute demand delivering reduced energy costs, improved risk avoidance, reduced equipment wear, and deferred capital expansion.
Because of the massive amount of historical data collected, Vigilent also uses Big Analytics to detect subtle correlations further down the long tail of historic data that would otherwise go unnoticed. These rare and very rare events don't happen often, but have significant consequences when they do.
"Many datacenters operators today appear to be operating at or near their capacity, in terms of power use and cooling. But a lot of capacity can be freed up, and significant costs recovered or avoided, if datacenters are operated more intelligently, responding dynamically to real time data on power use and cooling," says Andy Lawrence, Research Director for Datacenter Technologies at 451 Research. "The ability to ability to collect, analyze and intelligently respond to a lot of rapidly changing data will help datacenters achieve significantly improved efficiency without compromising availability. It will also provide a foundation for more effective capacity planning."
Vigilent (vigilent.com) is the leader in intelligent energy management systems for data centers, telecommunications facilities and large buildings. Pioneering the application of Big Data to the real-time demands of energy usage, Vigilent delivers significant, immediate reductions in cooling energy costs, 24/7 monitoring and management of critical facilities with ongoing operational insights that support risk mitigation and change management. A privately-held firm located in the technology corridor of San Francisco's East Bay, Vigilent is committed to green energy solutions that reduce and inform energy use.
About Accel Partners
Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, New York City, London and Bangalore, as well as in China via its partnership with IDG-Accel.
Vigilent is a registered trademark of Vigilent Corporation. All other company and product names may be trademarks of their respective owners.
SOURCE Accel Partners