Virtustream, a provider of cloud services and next generation infrastructure solutions, has landed $10 million of Series B round financing to complement the company’s previous Series A round for a total of $59 million in equity capital raised to date.
Virtustream’s Series B funding comes from existing investors: Intel Capital, Columbia Capital, Noro-Moseley Partners, and TDFunds.
Virtustream will use the proceeds from this new capital raise to productize its internal cloud provisioning platform, xStream, into a distributable end “cloud O/S” software product.
This will allow customers to purchase the xStream software to place atop their own infrastructure assets to gain the unique efficiencies of xStream’s infrastructure provisioning architecture. It will also allow Virtustream to be a channel partner for service providers such as Telecommunications Carriers and Systems Integrators to facilitate the development of their cloud solutions.
Virtustream will also invest resources in the branding, marketing and advertising of its products and services, and in expanding its market presence in San Francisco and London.
Finally, Virtustream will invest in growing its Cloud Advisory Services group, which supports enterprise clientele in a consultative manner to help them determine optimal cloud adoption and migration strategies.