Optimum Energy lands $4.5M |
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Optimum Energy lands $4.5M
Optimum Energy, a Seattle company that makes software to manage heating and air conditioning systems in buildings, has raised $4.5 million in new funding. Columbia Pacific Advisors led the investment. Optimum Energy said its sales pipeline is big enough that it doesn't anticipate having to raise more money in the future.
Optimum Energy's technology, which helps commercial and public sector buildings increase their HVAC efficiency, in use in more than 60 installations. The company said it has more than $25 million in current sales opportunities in commercial high rise office towers, schools and universities, data centers, federal and state government facilities, hotels, casinos, airports and shopping centers.
My colleague John Cook reported in April on Optimum Energy's work with the San Jose International Airport, which saved the airport more than $35,000 and 235,000 kilowatt hours of electricity.
Optimum Energy raised $5 million in fall 2007 and is one of a group of Seattle area companies, including Verdiem and Powerit Solutions, that are geared toward reducing corporate energy usage.
Along with the new funding, Optimum Energy said it had named Bert Hogue chief financial officer, and Gary Gigot, a veteran of Microsoft and Visio, as chief marketing officer. Optimum's founder and CEO is Nathan Rothman.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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