Tuesday, October 30, 2007

Optimal Technologies Finds $25M

Sacramento-based Optimal Technologies International, a company which develops products for optimizing electrical power systems, said tuesday that it has raised $25M in a Series B funding from Goldman Sachs. Optimal said the funding will go towards completing development of its technology. The round is tranched at $13M now plus the remainder in milestone payments over the next 12 months. More information »