Sentilla Raises $7.5 Million in Second-Round Funding to Fuel Continued Growth and Momentum

Tue Jan 6, 2009 8:00am EST
 
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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
sentilla@schwartz-pr.com

Copyright Business Wire 2009

 

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