Virtual Power Systems Raises $17 Million in Growth Capital Led by CUI Global to Speed Adoption of Software Defined Power Solutions

MILPITAS, Calif., March 18, 2019 /PRNewswire/ -- Virtual Power Systems (VPS), creator of Software Defined Power® (SDP), today announced it secured $17 million in Series B Financing led by CUI Global with participation from the majority of existing investors. Recent integrations with Artesyn Embedded Technologies, Schneider Electric, CE+T and VMware are examples of partnerships that will drive market and customer adoption while bringing hyperconvergence to data center power infrastructures. "SDP addresses one of the biggest challenges facing data centers today," said Jennifer Cooke, Research Director, Cloud to Edge Datacenter Trends and Strategies, at IDC. ICE enables data center and cloud providers to generate significant additional revenue within existing power and IT footprints while avoiding millions of dollars in capital expenditures and operating expenses. But most importantly, a commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.