Glacier Bay Adds $30 Million

Glacier Bay Inc., a Union City, Calif.-based developer of system-integrated DC power and thermal management technologies, has raised $30 million in Series B funding ($18m called down so far), peHUB has learned. The Quercus Trust led the round, and was joined by return backer New Enterprise Associates. Glacier Bay has been around for 18 years, but didn’t raise its first round of VC funding until last year.

Kevin Alston, Glacier Bay’s chief technical officer, says that the round is designed to bring the company to profitability. www.glacierbay.com