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Amit Chatterjee co-founded Hara secures $14 Million
By siliconindia
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Bangalore: Woodside, California based provider of on-demand environmental and energy management software, Hara has secured $14 Million in series B funding. This round of funding is led by JAFCO Ventures along with the participation of Nth Power and the existing investor Kleiner Perkins Caufield and Byers (KPCB).
"Hara is seeing strong and accelerating market demand for environmental and energy management solutions, across industries and geographies," said Amit Chatterjee, CEO and Co-founder of Hara. "New investments from JAFCO and Nth Power, with continued support from KPCB, will enable Hara to continue to deliver customer value, maintain our rapid product innovation pace, and accelerate the global growth of our business."
This funding brings the total investment in Hara to $20 Million till date. It will allow Hara to accelerate its global go-to-market and product innovation strategies in response to growing market demand for its environmental and energy management solution. "Hara offers a unique solution that provides enterprises a holistic way of prioritizing and implementing energy and natural resource conservation strategies," said Rodrigo Prudencio, Partner, Nth Power. Also, according to Tom Mawhinney, General Partner with JAFCO Ventures and new member of Hara's board, Hara's solutions and core competencies are highly relevant in global markets since it expand beyond North America and into the Asia markets.
Founded in 2008, Hara gives customers auditable transparency and control of their organizational metabolism - the collective resources consumed and expended by an organization, including energy, water, waste, carbon and other resources. In keeping with Hara's commitment to rapid product innovation, this month also marks the latest and third release of Hara's flagship on-demand solution, the Hara Environmental and Energy Management (EEM). According to the company, the new release provides comprehensive functionality for organizations to manage energy and natural resources as an integrated, end-to-end business process. Hara's solution enables companies across the value chain to adhere to Walmart's recently introduced supplier sustainability standards.
Ted Schlein, Managing Partner, KPCB said, "We firmly believe that Hara will continue to lead the pack in the environmental and energy management space."
