Sentilla Raises $7.5 Million in Second-Round Funding to Fuel Continued Growth and Momentum
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Energy Management Solution Provider Surges into the New Year, Transforming Power Use in Commercial and Industrial Facilities REDWOOD CITY, Calif.--(Business Wire)-- Sentilla Corporation, provider of demand-side energy management solutions for commercial and industrial facilities, today announced it has secured $7.5 million in Series B financing. The funding round, led by ONSET Ventures and Claremont Creek Ventures, will allow Sentilla to further develop its energy management technology and expand its global operations. "Sentilla is an amazing company," said Terry Opdendyk, a general partner at ONSET Ventures in Menlo Park, Calif. "It helps companies save money by reducing energy consumption and carbon emissions in manufacturing and IT equipment by tracking and reporting power utilization at the equipment level. It does this with its unique technology in the emerging trend of the `Internet of Things`-where inanimate objects of every conceivable type communicate and exchange data effortlessly through wireless networks. This is a huge long-term opportunity in energy and many other markets." Sentilla launched its patent-pending energy management technology in May 2008. The company`s solution can be embedded virtually anywhere in the world, providing insight into real world conditions directly at the source of power activity, change or consumption. Sentilla`s platform enables users to take control of their energy consumption and carbon footprint, while providing a remote management system to minimize costly maintenance. "After an exciting and fruitful 2008, Sentilla is eager to enter 2009 with a new round of funding, energized business model and clear vision," said Bob Davis, chief executive officer of Sentilla Corporation. "As we grow our product line, we are committed to strengthening our existing partnerships and continuing to provide our customers with the most valuable energy management solutions possible." About Sentilla Corporation Sentilla Corporation provides demand-side energy management solutions for commercial and industrial facilities. Sentilla's platform is the only solution that analyzes energy use and waste at the equipment level to create actionable profiles of an organization's energy footprint. The resulting intelligence enables companies to reduce energy consumption and carbon emissions thereby dramatically lowering operating costs. For more information, please visit the Sentilla Web site at www.sentilla.com. Schwartz Communications Laurie Falconer, 415-512-0770 firstname.lastname@example.org Copyright Business Wire 2009