Tech & biotech: Ebullient raises money, adds to staff

A Madison company that helps keep computer data centers humming is getting a pot of investor money.

Ebullient has raised $1.2 million and expects to finalize another $1.2 million by the end of the month, said founder and CEO Tim Shedd.

Shedd said Ebullient’s system can cut the typical energy bill of a data center by about 75 percent.