Virsto Software, provider of storage solutions for virtual servers, announced today it has completed its Series A round of funding, raising $7 million. The round was led by August Capital and includes Canaan Partners.
Canaan Partners was also a seed investor in Virsto in 2008. Virsto will use the funds to launch its new storage solution for virtual servers. The company will also focus on building its customer base and engaging new partners. Maha Ibrahim, General Partner at Canaan, will remain on Virsto’s board of directors and Vivek Mehra, General Partner at August Capital, will join the board.
Virsto was founded in the fall of 2007 to address the growing need for cost-effective and efficient storage for virtualized data centers.
Virtualized data centers are transforming IT infrastructures by reducing costs, improving performance and increasing efficiency. Server virtualization platforms from VMware, Microsoft, Citrix, Oracle, Red Hat, and others are being rapidly adopted as the technology matures.
Most data storage systems in use today were designed before server virtualization came about. The older storage techniques and technologies used for physical servers are not optimal for virtual servers. While existing vendors have tweaked storage solutions to work better for virtual servers, the products are inadequate, expensive and complex. Later this year, Virsto will launch a new type of storage solution designed for the unique needs of virtual servers.
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