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Tuesday, March 27, 2012
Vigilent Raises $6.7M From Accel For Intelligent Data Center Energy Management System
Vigilent, a company that provides intelligent energy management systems for data centers, telecommunications facilities and large buildings, has raised $6.7 million in investments led by Accel Partners. This investment is part of Accel's new $100 million Big Data fund. Angel investors including Gaurav Garg and Peter Wagner also participated in this round. The startup's services help data centers with energy efficiency. As Vigilent's CEO Mark Housley explains, one of the biggest challenges companies face when managing data centers is cooling. In fact, he says cooling accounts for 50 percent of data center energy costs, and downtime (caused by cooling disruptions) can cost as much as $5,600 per minute for a company.