Vinod Dham, the co-inventor of Intel’s Pentium chip, and Exfinity Fund, an early stage technology fund promoted by IT veterans T.V. Mohandas Pai, V. Balakrishnan and Deepak Ghaisas, have invested in an “A” round of funding of more than $4 million in Santa Clara, Calif.-based Virtual Power Systems, a U.S. start-up founded and led by Indian American CEO Shankar Ramamurthy, the Times of India reported June 19.
It is Exfinity’s first investment after it recently closed its first fund of Rs. 100 crore. Dham is investing in an individual capacity and is an advisor to the firm.
“We have a small group of highly strategic and seasoned investors backing the company,” said Ramamurthy. “We are not disclosing each participant's investment quantum but each of our investors has committed significantly to the round.”
VPS is building a software-defined infrastructure for power delivery, a major cost factor for data centers.