EkkoSense gets seven-figure funding to take DC energy solution global
EkkoSense says it has received a “seven-figure” private equity cash injection to help take its data centre cooling and energy management system global.
EkkoSense provides AI-driven software and sensing technologies to visualise, manage and optimise real-time performance in data centres.
The company says it is committed to “eliminating thermal risk, reducing energy consumption and identifying stranded capacity” so that data centre managers can operate their facilities with “unrivalled levels of efficiency”.
The Nottingham, UK firm has received the cash from Maven Capital Partners through the Midlands Engine Investment Fund (MEIF).
EkkoSense says it will use the funding to support “rapid international expansion” across North America, Europe, the Asia Pacific region, Latin America and Africa. To aid this new level of growth the business is adding resources to its sales, development and operational departments.
Based at the University of Nottingham Innovation Park, the firm's AI-powered EkkoSoft Critical SaaS 3D visualisation and analytics platform allows customers to visualise suggested cooling improvements and manage complex data centre capacity decisions.
It says the technology “removes risk, reduces energy consumption by around a third and releases stranded capacity”. Founded in 2013, the firm has previously received investment from the Foresight Group.
Dean Boyle (pictured), CEO at EkkoSense, said: “We’re pushing forward with our next key growth phase and this additional funding will support our plans in a number of specific areas. In 2021, we will be strengthening support for our growing global partner network, expanding sales teams in key international markets and continuing to invest heavily in our core software.”
Jonathan Lowe, investment director for Maven, adds: “Supporting the ever-increasing focus on driving carbon reductions across the world, EkkoSense has built an impressive client base that recognises the value that its technology can bring.”
Last November, Interxion said it was offering EkkoSense’s technology to its EMEA enterprise data centre customers, as part of a value-add to its broader PlatformDIGITAL offering.
The Midlands Engine Investment Fund is supported by the European Union using funding from the European Regional Development Fund, as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.