By Silicon Valley / San Jose Business Journal

Data center software provider Power Assure Inc. said on Wednesday it has raised $11.25 million in new funding and won a $5 million federal grant.

The Santa Clara startup said the venture funding came from Menlo Park-based Draper Fisher Jurvetson, New York-based Good Energies and Providence, R.I.-based Point Judith Capital.

The federal grant from the U.S. Department of Energy (DOE) will be used for product development and to help drive commercialization of the company's power management software for deployment in government and enterprise data centers.

As a result of the VC funding, Bernard Brenninkmeijer from Good Energies and Zaid Ashai from Point Judith Capital have been added as new members of its Power Assure's board of directors.

Power Assure, led by CEO Brad Wurtz, was a winner of two Clean Tech Open awards in 2008 n the ⿿smart power⿝ and ⿿sustainability⿝ categories.

Copyright 2010 American City Business Journals
Copyright 2010