Funding Deals for Active Power, Cloudera

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Several companies in the data center sector announced funding yesterday:

  • Active Power, Inc. (ACPW) said it entered into an agreement for a $3 million private placement, selling 6 million shares of common stock at $0.50 per share. The financing closed on May 29. The company said it intends to use the net proceeds for working capital and general corporate purposes. Active Power shares closed at 53 cents yesterday.
  • Cloudera raised $6 million in Series B funding, bringing the total raised by the company to $11 million. The funding was led by Greylock Partners, with participation from Accel Partners. Cloudera helps companies adopt Hadoop, an open source platform for large-scale computing that integrates elements of Google’s infrastructure management software. See GigaOm for more on the company’s plans.

About the Author

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

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