Accel Partners led the round for the company, which uses analytics to keep things under control for datacenters, telecom facilities and large buildings. Super angel investors Gaurav Garg and Peter Wagner also participated in the round.
The company intends to use the money to expand its portfolio of energy management products, move into new geographies and expand its staff.
“Energy management is increasingly costly and yet poorly understood,” chief executive Mark Housley said. “We leverage big data analytics to intelligently and proactively optimize energy efficiency in automated, real-time response to changing conditions.”
The company says it’s profitable and is “on track to double revenues” this year. It has about 90 deployments in the U.S., Canada and Japan.
So how’s it work? Vigilent’s platform analyzes data from hundreds to thousands of wireless sensors deployed in a datacenter or system infrastructure. That real-time information is digested by what Vigilent refers to as an “artificial intelligence engine,” which results in dynamic, automated control of cooling and air handling equipment.
The end goal: reduced energy costs, improved risk avoidance, reduced equipment wear and deferred capital expansion. And a heck of a lot of historical data.
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