Power Assure helps CIOs manage server power, gets $13.5M

Data center power-saving software company Power Assure has pulled in a $13.5 million funding round led by strategic partner ABB in addition to previous investor Draper Fisher Jurvetson, the company announced yesterday.

“The data center market continues to grow at 8 to 12 percent per year. However, it is becoming constrained by the availability of power, especially in high density areas where space is a limitation,” said Tarak Mehta, Head of ABB’s Low Voltage Products … Continue Reading

Reader poll: Which pundit best summed up the stock market slide?

The pundits were out in force today as they described the big drop in the stock market. Which quote was your favorite?

“Markets will rise and fall, but this is the United States of America,” Barack Obama said. “No matter what some agency may say, we’ve always been and always will be a triple-A country.”

“Any company with an IPO planned for this week will probably pull it,” said Dow Jones Investment Banking deputy managing … Continue Reading

Silicon Valley VC Tim Draper: “U.S. just dropped a notch”

The biggest question on every mind in Silicon Valley relates to our collective worst nightmare: Could a macroeconomic collapse trigger another dotcom-esque bust?

For at least one VC, Draper Fisher Jurvetson partner Tim Draper, the market for U.S. startups just got noticeably chillier.

“In investing in start-ups globally, we at Draper Fisher Jurvetson try to view governments as competitors for our capital and for the great entrepreneurs of the world,” Draper told VentureBeat.

“Countries with … Continue Reading

SeaMicro drops its third low-power ‘atom bomb’ on server makers

For the third time in nine months, SeaMicro is announcing a new line of servers that can pack an awful lot of computing power in a sixth of the usual space and a quarter of the electricity.

SeaMicro shook up the world of data center computing by making energy-efficient servers built around Intel’s low-power Atom chips, which are usually used in netbooks and laptops.

“This is more computing power in a given space than anyone … Continue Reading