Rackitivity Raises $8M

Rackitivity, a Belgian startup that just opened its U.S. headquarters in Redwood City, CA, said today that it has raised $8 million in Series B funding. Partech International led the round, which was joined by Big Bang Ventures. Rackitivity makes power distribution units that help manage energy consumption in corporate data centers. It said in its announcement that the new funds will be used “to accelerate Racktivity’s product, technology and market development initiatives.”

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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