Sidewalk Labs Becomes Key Investor to Help VoltServer Make Electricity Safer, More Cost Effective and Efficient
EAST GREENWICH, RI, November 14, 2019 — VoltServer, the inventor of a new form of power called Digital Electricity™, announced today that it has raised a $7.4 million Series A, supported by Alphabet’s Sidewalk Labs. The funding will allow VoltServer to expand its Digital Electricity™ (DE) offerings at scale, powering the digitally connected world in a safer, more cost effective and efficient way than traditional alternating current (AC) and direct current (DC) electricity.
The only new form of electricity since AC and DC, DE is made up of discrete packets of energy and data and efficiently runs on cables that are thin, safe, inexpensive, flexible and data-enabled, making DE the ideal powering solution for complex and evolving infrastructure systems. With enough power to energize a hi-rise or football stadium, VoltServer’s technology is already installed in over 700 venues, and will continue to expand its offerings beyond communications infrastructure to power entire buildings.
“There has not been much innovation around electricity since Tesla and Edison battled it out in the late 1800s,” said Stephen Eaves, CEO of VoltServer. “But Digital Electricity™ allows for controlled power distribution that is safe, less expensive, faster to install, more energy efficient, and perfect for an increasingly digital world. At scale, VoltServer’s technology will make buildings less expensive to construct, operate, and change over time.”
With its investment, Sidewalk Labs joins Marker Hill Capital, Slater Technology Fund, Natural Resources Capital Management, Clean Energy Venture Group, Angel Street Capital and Consiton Capital in recognizing the potential of Digital Electricity™.
“Electricity powers our world, but the fundamental danger inherent in AC or DC electricity makes today’s electrical systems expensive to install or change. Digital Electricity™ is a breakthrough, offering a less expensive, safer and more efficient way to distribute electricity that can make buildings more affordable and flexible. Over time, that can make cities more affordable, sustainable, and adaptable as our needs change,” Dan Doctoroff, chairman and CEO of Sidewalk Labs said.
VoltServer currently offers DE for Mobile Radio Power, Power over Ethernet (PoE) Switch Power, Mobile Edge Compute Servers, High Speed Communications Power, Smart LED Lighting Power, UPS/Centralized Battery Backup, and DC Microgrid.
VoltServer was incorporated in 2011, and officially opened company doors in East Greenwich, Rhode Island in July 2013. The company is developing innovative power distribution products based on the company’s patented Digital Electricity™ technology. VoltServer is a venture-backed technology leader reinventing how electrical energy is distributed. VoltServer’s patented Digital Electricity™ solutions deliver safe electricity where, when, and how it is needed. Digital Electricity™ can be delivered using off-the-shelf data cable, at a significantly reduced cost, and with greater speed, power, distance, efficiency, intelligence, and flexibility, when compared to competing electrical installations. VoltServer began shipping in early 2015, and is installed today powering 4G/5G/LTE mobile services in many large sports stadiums, office towers, hotels, condominium and medical buildings.
About Sidewalk Labs
Sidewalk Labs is an Alphabet company reimagining cities to improve quality of life. We believe that by combining people-centered urban design with cutting-edge technology, we can achieve new standards of sustainability, affordability, mobility, and economic opportunity. Sidewalk Labs is designing a district in Toronto’s Eastern Waterfront to tackle the challenges of urban growth. We also invest in and incubate companies to develop tools that can support these goals and help improve cities around the world.
CEO, VoltServer Inc.