Monday, December 1, 2008

Viridity Software pulls in $7M Series A funding

By Mass High Tech Staff

Amesbury startup Viridity Software Inc. has raised $7 million in a first financing round with investment from Waltham firms Battery Ventures and North Bridge Venture Partners, according to Viridity officials.

The company optimizes data center efficiency and reduces power consumption, according to its website, which marks the definition of “viridity” as referring to “the quality or condition of being green.”

Battery Ventures, founded in 1983, also operates offices in California and Israel. The firm invests in various stages and several industry sectors. Investments include seed and startup combined with expansion financing, growth equity and buyout deals.

North Bridge, founded in 1994, reports that it operates with $2 billion under management.