Scientific Conservation Inc. Completes $15.65M in Series B Financing, Led by Barry Schuler, Managing Director DFJ Growth Fund (former Chairman/CEO of AOL)

SAN FRANCISCO, Jan. 19, 2011 /PRNewswire/ -- Scientific Conservation Inc. (SCI), a leading provider of energy efficiency via Predictive Diagnostics and Analytics solutions for the $5 billion commercial building market, today announced the successful completion of $15.65M Series B funding led by acclaimed Internet Pioneer, Barry Schuler, Managing Director, DFJ Growth Fund, bringing the total raised for the company to $24.65M. This round also includes follow on investment by DFJ Ventures and The Westly Group. Schuler will also become an SCI Board Member.  

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"This is a very exciting time for SCI. These resources position the company well for continued success in product innovation and accelerated revenue growth with a breakthrough customer centric focus," said Russ McMeekin, CEO, Scientific Conservation Inc. "We greatly appreciate the confidence and support from Barry, and our existing investors at DFJ and The Westly Group."  

"SCI is ushering in a new standard of energy management diagnostics and analytics for buildings. This funding underscores a strong year of milestones for SCI and global momentum for clean energy technologies that save money and protect the environment," said Schuler.

About SCI

Scientific Conservation Inc., (SCI) a leading provider of energy efficiency via Predictive Diagnostics and analytics solutions for the $5 billion commercial building market.  The company's suite of energy management solutions uses the industry's first software-as-a-service (SaaS) platform to help cut annual energy spending by comparing predicted energy and system efficiencies against real-time operation.  The company's headquarters are in San Francisco, CA, with its technology center in Atlanta, GA.  For more information, visit www.scientificconservation.com.  Follow SCI on twitter @sciwatch and on Facebook.  For Energy Management News visit the SCI Blog at http://www.scientificconservation.com/blog/.

About DFJ Growth Fund

The Draper Fisher Jurvetson Growth Fund leverages the operating experience of its team and draws upon the global deal flow and market intelligence of the DFJ network to help entrepreneurs drive rapid growth and achieve scale quickly in their businesses. We invest in revenue stage-companies with billion dollar potential.  For more information, visit www.dfjgrowth.com.

SOURCE Scientific Conservation Inc.

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