Verdiem pulls in $12M for power-saving software

Chris Morrison | April 28th, 2008

Verdiem, a Seattle, Wash. startup that makes PC software capable of reducing energy consumption across networks of computers, has raised a fresh round of funding as it expands.

Its Surveyor software can reduce the energy consumption of an average computer by about 30 percent, according to the company, lowering electricity consumption across the average organization by 3-6 percent. The payback time, it says, it 18 months or less.

Although this latest funding is Verdiem’s sixth, it is by far the largest round the company has taken to date. NCD Investors led the round, while Kleiner Perkins Caufield & Byers, Catamount Ventures, and Phoenix Partners also participated. The company has raised a total of $27 million.

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  1. April 28th, 2008
    12:30 pm

    April 28, 2008 | next media update said:

    [...] Verdiem Raises $12 Million Round Power-Saving Software VENTUREBEAT Verdiem, a Seattle, Wash. startup that makes PC software capable of reducing energy consumption across networks of computers, has raised a fresh round of funding as it expands. Its Surveyor software can reduce the energy consumption of an average computer by about 30 percent, according to the company, lowering electricity consumption across the average organization by 3-6 percent. The payback time, it says, it 18 months or less. Although this latest funding is Verdiem’s sixth, it is by far the largest round the company has taken to date. NCD Investors led the round, while Kleiner Perkins Caufield & Byers, Catamount Ventures, and Phoenix Partners also participated. The company has raised a total of $27 million. Source> [...]