Raju Pandey founded SynapSense raises $5 Million

Bangalore: California based SynapSense, a developer of wireless energy efficiency solutions that cuts power costs of data centers, has raised $5 million in a new financing round. GE Energy Financial Services, financial arm of General Electric, has joined the existing investors, Emerald Technology Ventures, Sequoia Capital, Robert Bosch Venture Capital, American River Ventures, Nth Power and DFJ Frontier, in the combined $5 million investment.

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Based in Folsom, California, SynapSense will use the money to develop and grow sales of its energy efficiency technology. As part of a commercial agreement with GE, SynapSense will distribute its products via the GE Intelligent Platforms, a technology supplier for data center operators. The partnership will focus on digital energy services, the Smart Grid and other ecological efforts.

"Deepening our relationship with GE through this investment and commercial collaboration will play a major role in helping SynapSense deliver digital energy services that extend wireless control and resource management to the entire IT facility infrastructure," said Peter Van Deventer, CEO, SynapSense in a statement. In his role as the Chief Technology officer, Raju Pandey, Co-founder of SynapSense, plays a key role in expanding the company's offerings.