VoltServer raises $7.4 million funding to power entire buildings
Inventor of Digital Electricity will use Series A funding to expand its offering
VoltServer, the inventor of a new form of power called Digital Electricity (DE), has raised $7.4 million (£5.7m, €6.7m) in Series A funding led by Alphabet’s Sidewalk Labs.
The funding will allow VoltServer to expand its DE offerings in order to power the world in a “safer, more cost effective and efficient way” than traditional alternating current (AC) and direct current (DC) electricity.
VoltServer’s technology is already installed in over 700 venues, and it aims to continue to expand its offerings beyond communications infrastructure to power entire buildings.
Stephen Eaves, CEO of VoltServer said since AC and DC, there has not been much innovation around electricity since Tesla and Edison battled it out in the late 1800s.
Digital Electricity allows for controlled power distribution that is “safe, less expensive, faster to install, more energy efficient, and perfect for an increasingly digital world.”
VoltServer currently offers DE for Mobile Radio Power, Power over Ethernet Switch Power, Mobile Edge Compute Servers, High Speed Communications Power, Smart LED Lighting Power, UPS/Centralised Battery Backup, and DC Microgrid.
Alphabet, Google’s parent company, recently announced that will start offering bank accounts next year in association with Citigroup and the Stanford Federal Credit Union.
Waymo another subsidiary of Alphabet, formerly known as the Google self-driving car, said it was closing its operations in Austin, Texas.
VoltServer launched in 2011, and officially opened company doors in East Greenwich, Rhode Island in July 2013. Today it powers 4G/5G/LTE mobile services in large sports stadiums, office towers, hotels, condominium and medical buildings.
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