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Funding

RNA Networks Launches With $7M In Series A Funding

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RNA networks today announced the launch of its company and $7M in Series A funding led by Menlo Ventures.

Memory virtualization transparently enables high-performance computing in the enterprise from commodity hardware. RNA networks’ software improves utilization of existing data center resources, and provides an alternative to data center investments aimed at addressing the limitations of memory availability. By leveraging existing hardware, RNA brings tremendous business benefits to the enterprise including cost savings through consolidation and increased utilization. Equally compelling are the increased top line results of the businesses that utilize memory virtualization. All of this is accomplished with no changes to the IT infrastructure.

RNA networks also announced a U.S.-based, global multi-billion dollar hedge fund as a first customer of its RNAmessenger product. RNAmessenger is targeted at high-volume, low latency messaging or any business critical environment that demands superior transaction processing. Algorithmic trading, content delivery and on-line gaming are arenas that gain immediate benefit.

Xkoto Raises $3 Million Series C Round

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xkoto, the database virtualization company, today announced that it has raised $3 million in financing from existing investors GrandBanks Capital and GrowthWorks Canadian Fund. xkoto has now raised a total of $13 million since it was founded in 2005.

xkoto will use the funds to build its sales force, accelerate customer acquisition, and continue to enhance its GRIDSCALE database virtualization product. The company experienced record 2008 sales, added several global corporations as customers, and closed the year with 275 percent growth in the fourth quarter.

GRIDSCALE virtualizes the database infrastructure, enabling businesses to distribute application load horizontally across multiple instances of commercial databases running on clusters of low-cost hardware, mid-range systems and virtual machines. With GRIDSCALE, businesses can improve application performance and achieve continuous availability for business-critical applications.

Source: peHUB

Citrix And VCs Invest Another $15 Million In Virtual Computer

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Virtual Computer today announced it has secured $15 million in series B funding, in a round was co-led by series A investors Highland Capital Partners and Flybridge Capital Partners with additional investment coming from Citrix Systems.

The latest round of financing positions Virtual Computer to significantly accelerate its global sales and marketing efforts and further advance development of the company’s NxTop product offering.

NxTop, Virtual Computer’s next-generation PC management platform, makes it as easy to manage thousands of PCs as it is to manage one, dramatically reducing PC management costs while improving PC reliability and security. NxTop isolates the PC’s critical components — hardware, operating system, applications, and user data — allowing each to be managed independently in a highly-scalable fashion without a persistent network connection.

“This is a blockbuster funding round for any company, especially in this economic environment,” said Dan McCall, president and CEO of Virtual Computer. “Not only did our current investors show their continued support for the company, but we were able to add a proven leader in the virtualization market as a strategic investor. We are looking forward to working with Citrix to help make Xen a market standard for PC lifecycle management.”

Embotics Raises $4 Million From Covington Capital Corporation

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Embotics last week announced the closing of a $4 million Series B round of financing, led by Covington Capital Corporation. The financing will be used to advance product development for Embotics’ server virtualization management technology and expand global sales and operations.

Embotics’ products allow companies to manage server sprawl efficiently while mitigating risk and reducing costs. As enterprises continue to require greater insight and control over their virtualized environments, many are looking for solutions, such as Embotics’ V-Commander, to manage and control their virtual machines while fitting seamlessly into their existing technology architecture.

Seanodes Is Doing Ok, Thank You For Asking

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Seanodes (earlier coverage), the creator and developer of Shared Internal Storage solutions, today announced strong growth and better-than-expected results for the first three quarters of 2008, with major customer wins, securing new funding and multiple industry awards for its Exanodes storage software.

Seanodes recently raised $2.4 million in funding from OSEO, France’s national agency for industrial innovation, in the form of a no-interest loan to support ongoing technology development and company growth. This latest funding will enable Seanodes to expand its R&D efforts and extend the Shared Internal Storage platform to VMware and Microsoft operating environments.

Recent customer wins include SMB customer Pack Solutions, one of France’s financial advisor firms, which chose Seanodes based on the reliability and high data availability of the architecture, and ServiSMART, a Portugal-based emerging service provider, which selected Seanodes to provide the virtualized storage platform for its new cloud computing infrastructure. Additionally, NASA’s infrared Processing and Analysis Center (IPAC), at the California Institute of Technology, selected Exanodes software to be part of an upgraded enterprise network architecture designed to process and store massive amounts of spectroscopy and imaging data generated by the Palomar Transient Factory (PTF), a four year project established to perform nightly scans of the skies to capture any new, undiscovered objects.

The company has scored several industry awards from leading technology publications:

  • Computer Reseller News included Seanodes in its “Emerging Tech Vendors,” the magazine’s annual list of channel-friendly companies that are recognized for providing superior technology, support and margins over more-established companies in today’s information technology industry.
  • Exanodes was named “Storage Virtualization Product of the Year” by Techworld, calling it “true innovation within the IT industry.”
  • eWeek chose Shared Internal Storage as one of the “10 Disruptive New Storage Technologies Promise Big Changes.” The publication recognized Seanodes for its “ground-breaking” storage software and proclaimed SIS as one of the “technologies that have emerged recently to set the industry on its ear.”
  • Network Products Guide named Exanodes Virtual Machine Edition a winner of the 2008 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide.

3Leaf Systems Scores $35 Million in Series C Funding

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3Leaf Systems (previous coverage), a provider of virtualization solutions for enterprise data centers, today announced that it has secured new financing from a suite of blue-chip investors led by LSI Corporation with follow on investments by Alloy Ventures, Enterprise Partners Venture Capital, Intel Capital, and Storm Ventures.

3Leaf Systems says it will use the new capital to accelerate development of the company’s virtualization solutions and to expand sales and marketing activities.

Using 3Leaf’s products, enterprise data centers can dramatically increase their resource utilization and enhance their operational efficiency. The 3Leaf V-8000 Virtual I/O Server has been named a Best of VMworld award winner at VMworld 2007 for its innovation, value, performance, reliability and ease of use.

3Leaf Systems

[Source: Data Center Knowledge]