Array Power
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Array Power - overview
Established
2008
Location
Sunnyvale, CA, US
Primary Industry
Electronics
About
Array Power develops innovative software solutions aimed at enhancing operational efficiency across various sectors, including finance, healthcare, and logistics. Founded in 2008 in Sunnyvale, US, Array Power specializes in software solutions designed to boost operational efficiency. The company raised USD 14. 07 mn in a Series B funding round on August 25, 2010, with investments from Draper Fisher Jurvetson, Partech International Ventures, and Trident Capital.
The total amount raised to date is USD 14. 07 mn, with a current company valuation of USD 32. 03 mn. Array Power offers advanced software platforms that enhance operational efficiency and comprehensive data management tools.
These products streamline workflow processes, improve data accuracy, and empower decision-making for clients across finance, healthcare, and logistics industries. Its technology is implemented in diverse markets across North America, Europe, and Asia, serving both large enterprises and small to medium-sized businesses. The company operates on a subscription-based revenue model, with clients paying a recurring fee to access its software platforms. This model provides a stable revenue stream, as organizations typically commit to ongoing service usage, complemented by direct sales and partnerships with resellers to extend market reach.
Pricing plans vary based on service scope, with packages designed for different user segments, including enterprise solutions featuring premium capabilities. Array Power's reliable products play a key role in its revenue generation strategy. Array Power plans to leverage its recent funding of USD 14. 07 mn from the Series B financing round to develop new products aimed at enhancing software capabilities and launching them by 2011.
The company is also targeting expansion into new geographic markets in Asia and Europe, with specific initiatives planned for 2012, aiming to capitalize on growing demand in these regions. This strategic growth will focus on utilizing technology to meet the evolving needs of its diverse client base.
Current Investors
Draper Fisher Jurvetson, Trident Capital, Partech International Ventures
Primary Industry
Electronics
Sub Industries
Electronic Components
Website
www.arraypower.com
Verticals
Clean Technology
Company Stage
Series B
Total Amount Raised
Subscriber access only
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