Eco4Cloud Raises €250K in Funding
Summary
Eco4Cloud, a Rende, Italy-based startup that has developed an energy saving solution for data centers, raised €250k in funding.TIM Ventures, the venture capital arm of Telecom Italia, made the investment, joining current investors Principia and DPixel.Created as a spin-off of CNR, Eco4Cloud is an innovative and bio-inspired solution that aims to improve the economics of virtualized data centers via an intelligent software platform, which reduces the energy bill and increases efficiency.In 2013, the company’s solution, which reduces energy needs of data centers up to 60%, has been tested by Telecom Italia’s data centers.FinSMEs 29/12/2014 Related News 19/11/2012: ECO4CLOUD RAISES €2.3M IN FUNDING
Funding
Amount
$304.0K
Total raised
Date
December 29, 2014
Announcement date
Investors
TIM Ventures
Lead investors
Company
http://www.eco4cloud.com
Funded company
Classifications
industries
No industries detected
applications
Networking and Cloud
AskAI Classifications
Labels
Cloud Computing
Data Center Management Software
Virtualization Software
Linked Companies
Eco4Cloud
$1M to $5M