What is Virtual Power Systems?
Headquartered in Milpitas, California, and established in 2012, Virtual Power Systems operates within the energy control software domain. The company's innovative platform is designed to collect real-time data from infrastructure devices. Utilizing advanced machine learning algorithms, the system dynamically optimizes power utilization by making precise operational changes to these devices. This data-driven approach to energy management addresses critical needs for efficiency and sustainability in the power sector, distinguishing Virtual Power Systems as a key player in smart grid technology and energy optimization solutions.
How much funding has Virtual Power Systems raised?
Virtual Power Systems has raised a total of $40.6M across 6 funding rounds:
Private Equity
$1.6M
Series A
$4.2M
Private Equity
$5.5M
Series B
$17M
Debt
$350K
Unspecified
$12M
Private Equity (2014): $1.6M, investors not publicly disclosed
Series A (2016): $4.2M, investors not publicly disclosed
Private Equity (2016): $5.5M, investors not publicly disclosed
Series B (2019): $17M featuring CUI Global
Debt (2020): $350K backed by PPP
Unspecified (2020): $12M with participation from Undisclosed
Key Investors in Virtual Power Systems
CUI Global
CUI Global is a technology company focused on the development and distribution of electronic components, particularly in power supply design, aiming to improve energy efficiency. Their expertise spans power supplies, transformers, speakers, and more, supporting customers in achieving better environmental credentials for their applications.
Undisclosed Investors
PPP
Public-Private Partnership
What's next for Virtual Power Systems?
With the recent major strategic investment, Virtual Power Systems is poised to accelerate its market penetration and further develop its proprietary energy control software. The company's focus on real-time data collection and AI-driven optimization suggests a strategic direction towards enhancing grid stability and reducing energy waste for enterprise clients. Future endeavors will likely involve expanding its technological capabilities, forging new partnerships, and scaling its operations to meet the growing global demand for intelligent energy management solutions. This latest backing provides the necessary resources to solidify its position as a leader in the energy tech landscape.
See full Virtual Power Systems company page
