The data centre technology developer will put the proceeds from the CUI-led round into its marketing and research and development activities.
Power and electromechanical component provider CUI Global has led a $17m series B round for US-based data storage technology developer Virtual Power Systems (VPS).
The majority of the company’s existing investors also took part in the round, although the exact participants were not disclosed by the company.
Founded in 2014, (VPS) has developed software-defined technology that is designed to optimise power distribution within a data centre. Its Intelligent Control of Energy software adjusts power delivery as demand fluctuates across workloads…
