VoltServer secures $17.5 million in Series B funding to advance its innovative Fault Managed Power technology, positioning itself as a leader in the evolving electrical distribution market.

Information on the Target

VoltServer™, based in East Greenwich, Rhode Island, has established itself as a pioneer in electricity distribution technology. The company's innovative Fault Managed Power (FMP) system enables the safe transmission of electricity in small, manageable pulses or 'packets.' Each of these packets is rigorously checked for safety and can transmit data, allowing for effective monitoring and control. This revolutionary technology reduces the hazards associated with high-voltage electricity by making it safe to touch and minimizing fire risks. The recent incorporation of FMP into the 2023 National Electric Code marks a significant milestone, indicating widespread acceptance and potential for transformative growth within the sector.

With total funding reaching $40 million after their latest $17.5 million Series B round, VoltServer aims to broaden its reach into various industries, including Communications, Intelligent Buildings, Indoor Agriculture, EV Charging, and Data Centers. By harnessing their advanced technology, VoltServer seeks to change the way electricity is distributed in response to the rising demands of energy efficiency and safety.

Industry Overview in the Target's Specific Country

The energy distribution industry in the United States is currently undergoing significant transformative changes. Increasing energy demands, coupled with a heightened focus on sustainability and safety, have pushed