SCI Secures $5 Million in Series A Funding With Draper Fisher Jurvetson Ventures - Names Russ McMeekin, a Seasoned Senior Executive, as CEO

BERKELEY, Calif., March 29 /PRNewswire/ -- Scientific Conservation Inc. (SCI), a leading provider of energy efficiency, system optimization and Automated Continuous Commissioning (ACC) solutions for the $5 billion commercial building market, today announced that it has closed $5M in Series A funding with Draper Fisher Jurvetson (DFJ), a leading global venture capital firm based in Menlo Park, CA.

The company also named Russ McMeekin Chief Executive Officer of SCI.  

Prior to joining SCI, Mr. McMeekin served from 2002 to 2008 as President, Chief Executive Officer and Board member of Progressive Gaming International, an integrated gaming management systems provider who pioneered the use of RFID in poker chips for the casino gaming industry worldwide.  From 2001 to 2002 he was President and Chief Executive Officer of ViaFone, Inc., a private venture funded wireless enterprise software company which was sold to Extended Systems Inc.

Mr. McMeekin worked at Honeywell International for 11 years in various capacities including President of e-business which oversaw MyPlant (serving the industrial community), MyFacilities (serving the commercial building industry) and MyAircraft a venture with Honeywell, I2 and BF Goodrich.  Mr. McMeekin also served as President and General Manager of Honeywell's Hi-Spec Solutions business unit, the advanced software technology and optimization division of Honeywell International.  

"As a seasoned technology executive who has worked with DFJ for more than a decade in a variety of capacities, we believe Russ will be instrumental in establishing SCI as the leader for building energy management space," said Raj Atluru, Managing Director, DFJ.

"SCI will complement a number of our portfolio companies in the Clean Technology space. We are delighted to have SCI as a portfolio company," said Joshua Raffaelli, Associate, DFJ.

"I'm thrilled about the opportunity to join the SCI team.  The company has accomplished a great deal and is well positioned for future growth.  I look forward to working together with our employees to take SCI to the next level," added Mr. McMeekin.

About SCI

Scientific Conservation Inc., (SCI) is a leading provider of energy efficiency and system optimization solutions for the $5 billion commercial building market.  The company's SCIwatch Automated Continuous Commissioning (ACC) solution is the industry's first software-as-a-service (SaaS) platform to help cut annual energy spending up to 25 percent by comparing predicted energy and system efficiencies against real-time operation.  The company is headquartered in Berkeley, Calif., with offices in Atlanta.  For more information, visit: www.scientificconservation.com.

About DFJ

Draper Fisher Jurvetson is the preeminent venture capital firm with global presence through a network of partner funds, with offices in more than 33 cities around the world and over $5.5 billion in capital commitments. DFJ's mission is to identify, serve, and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past twenty years, DFJ has been proud to back more than 300 companies across many sectors including such industry-changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Athenahealth (ATHN), EnerNOC (ENOC), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID).

SOURCE Scientific Conservation Inc.

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