The company said that it will use the funds to expand the development of its software platform (called EnergyCenter) and accelerate its go-to-market activities. The following video provides an overview of Viridity's EnergyCenter:
“Viridity has tapped into what we believe is a large, growing and prime market opportunity,” said Jamie Goldstein, North Bridge Venture Partners. “That is, the need for business organizations to take control of the uncontrollable time and expense associated with managing data center power and cooling.”
“We have been very impressed with the extraordinary progress Viridity Software has made to date,” said Sunil Dhaliwal, Battery Ventures. “The additional funds underscore our unyielding confidence in the future of the energy resource management space, as well as Viridity’s ability to lead it from both a technology innovation and world-class customer service and support standpoint.”
“We are honored to have venture capital firms of Battery Ventures and North Bridge Venture Partners caliber as our investors and as members of our Board of Directors. They are organizations that are synonymous with innovation, creating value and enormous success,” said Bob Steinkrauss, President and CEO, Viridity Software.