Virsto Software has raised $12 million in Series B venture capital funding to drive new growth, product development and expand industry partnerships. The funding was led by InterWest Partners, and previous investors August Capital and Canaan Partners also participated in the round.
Khaled Nasr, a partner at InterWest who focuses on enterprise IT and data center infrastructure, will join Virsto’s board of directors.
In addition, Virsto today announced its acquisition of EvoStor, a company specializing in storage virtualization technology for VMware environments, to further deliver on the vision of multi-hypervisor support for reliable, heterogeneous, high-performance and low-cost storage.
Founded in 2007, Virsto has developed a hypervisor-based storage solution built for virtual machines. A close partner of Citrix and Microsoft, the company has a track record of advancing storage virtualization in the enterprise.
Today’s news also includes the acquisition of intellectual property and key team members from EvoStor, deepening Virsto’s bench of talent and technology.
EvoStor was an early innovator in the VMware storage market, delivering easy-to-deploy, reliable, scalable and affordable solutions. The strong partnership between EvoStor and VMware will benefit Virsto as it readies its software solutions for additional hypervisor platforms.
The new Virsto R&D team in Melbourne, Australia is working on near-term products that will be launched in coming months, as well as next-generation technology to be released in 2012.
The $12 million in Series B financing follows a $7 million Series A round in June 2009, with more than $20 million raised to date.
[…] storage-hypervisor software, has landed a follow-on investment to the tune of $5 million to its June 8 Series B round of $12 million, bringing the total investment in the round to $17 […]