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VPS transforms data center power distribution by extending the value of virtualization to the power plane, increasing electrical power utilization, and efficiency of data center IT infrastructure
FREMONT, CA: Virtual Power Systems (VPS) secured $12 million in funding from new and existing investors and announced that interim CEO, Dean Nelson has been named as permanent CEO.
Before VPS, Nelson has driven more than $10 billion in infrastructure projects across three continents for Sun Microsystems, eBay, and Uber. His extensive architecture, engineering, and operations experience includes three decades of focus in data center, hardware, network, and infrastructure software. A holder of four U.S. Patents, he has produced numerous award-winning innovations in mission-critical facilities and computes environments.
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"We are fortunate to have Dean Nelson leading Virtual Power Systems (VPS) at a time when data centers are recognizing the critical need to utilize Software-Defined Power," said Peter Gross, VPS' Chairman of the Board. "As permanent CEO, we are excited to continue to benefit from his stewardship, vision, and exemplary track record of driving industry-leading technology teams."
VPS' ground-breaking Intelligent Control of Energy (ICE®) technology tracks real-time data center power usage and dynamically allocates energy to data center servers, racks, and systems lowering costs while maintaining, and increasing data center uptime.
"I am honored and excited for the opportunity to lead Virtual Power Systems," said Dean Nelson, VPS' CEO. "The COVID-19 pandemic has highlighted the world's dependency on digital infrastructure and the corresponding explosion of data and data center capacity demand. We are laser-focused on helping our customers significantly increase utilization by unlocking stranded power that reduces costs and simultaneously increases resiliency. I look forward to working with the board and the incredibly talented VPS team to advance the adoption of Software-Defined Power."
The additional $12 million in capital brings the total investment in VPS to $46 million. This capital will be used to expand the team, customer engagements, partnerships, and product development of Software-Defined Power (SDP) across the Intelligent Control of Energy (ICE) hardware and software platform.
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