Virtualization.com

News and insights from the vibrant world of virtualization and cloud computing

Funding

Security Virtualization Startup Raises $9.2 Million Series A

by Leave a Comment

Bromium, emerging from stealth mode to develop technology in the areas of virtualization and security, has announced it has closed a $9.2 million series A round of funding with Andreessen Horowitz, Ignition Partners and Lightspeed Venture Partners.

Founded by Gaurav Banga, Simon Crosby and Ian Pratt, Bromium is focused on the delivery of infrastructure solutions that permit enterprises to safely embrace two major trends in IT: consumerization and cloud computing.

The Bromium Board of Directors is drawn from business leaders and technologists with extensive experience in infrastructure software, virtualization and security: Peter Levine, venture partner at Andreessen Horowitz; Frank Artale, managing director at Ignition Ventures; and George Kurtz, worldwide CTO and executive vice president at McAfee. Bromium has already attracted top engineering talent from Microsoft, VMware, Oracle, McAfee and NVIDIA.

Prior to founding Bromium, CEO Gaurav Banga was CTO and SVP, Engineering at Phoenix Technologies. Simon Crosby (co-founder and CTO) joins Bromium from Citrix, where he was CTO of the Data Center & Cloud Division. He joined Citrix through the acquisition of XenSource in 2007, which he also co-founded and led as CTO.

Ian Pratt (co-founder and SVP Products) is the chairman of Xen.org and was co-founder of XenSource. Prior to Bromium, he served as vice president of advanced products in the Virtualization and Management Division at Citrix.

StorSimple Lands $10.5 Million Series C For Cloud Storage

by Leave a Comment

StorSimple, provider of Enterprise Cloud Storage for Windows and VMware infrastructures, has announced a Series C round of funding to the tune of $10.5 million.

The round was led by Ignition Partners and included participation by all of StorSimple’s previous investors, including Index Ventures, Mayfield Fund and Redpoint Ventures. This latest round brings the company’s total funding to $31.5 million and will fund accelerating the growth of the company due to significantly increased demand both in the U.S. and internationally.

StorSimple securely and transparently integrates the cloud into on-premises applications and offers a single appliance that delivers high-performance tiered storage, live archiving, cloud based data protection and disaster recovery, reducing cost by up to 90 percent compared to traditional enterprise storage.

StorSimple is based in Silicon Valley.

Cloud-based Systems Management Company ScaleXtreme Raises $11M

by Leave a Comment

ScaleXtreme, a cloud-based systems management company, today announced it has closed an $11 million Series B led by Ignition Partners with participation from previous investor, Accel Partners.

The new financing will be used to accelerate the rollout of additional product capabilities, and expand marketing and sales for ScaleXtreme’s new way of managing hybrid clouds.

ScaleXtreme’s product transforms the way IT admins manage their Amazon EC2, VMware virtual machine and physical server deployments. ScaleXtreme was founded by a team with deep expertise in enterprise software and systems management, including Bladelogic and VMware.

“There is a dramatic shift going on in the computing industry with the advent of virtualization and public cloud computing – and with this, there is a significant opportunity for some company to transform the management of the new computing landscape,” said Mulchandani, CEO of ScaleXtreme.

Frank Artale, managing director at Ignition, will join the board that includes Ping Li from Accel and Nand Mulchandani and Balaji Srinivasa from ScaleXtreme.

(Via TechCrunch)

Cotendo Raises $17 Million From Citrix, Juniper Networks And Others

by Leave a Comment

Cotendo, provider of cloud-based acceleration technologies, announced today the completion of a $17 million private funding round that will fuel the company’s “long-term growth strategy and continued technology innovation in the delivery of highly-personalized dynamic content for mobile and web applications”.

In addition, the funds will be used to continue Cotendo’s global expansion into new markets and fast growing regions around the world.

Strategic investors and new business partners Citrix Systems and Juniper Networks, through its Junos Innovation Fund, participated in this round of funding along with existing venture backers Sequoia, Benchmark and Tenaya Capital.

The synergy between the services and technologies of Citrix Systems and Cotendo blend on-premise physical and virtual appliances, content acceleration and cloud services that will accelerate and optimize delivery from the end user all the way to the enterprise over distributed networks, thereby improving end user experience from any location to any device.

The relationship between Juniper Networks and Cotendo will address the demand of service providers for technologies that will enable them to offer value added services and over-the-top services to content providers. This includes mobile carriers, large ISPs, and telecom companies that buy products to serve enterprise customers.

Cotendo will also launch and commercialize its new Mobile Acceleration Suite, and announced today the new frontier of acceleration services, ensuring fast and reliable delivery of mobile content regardless of location, device, or application.

With this funding round Cotendo will embark on a rapid sales and business development expansion in Asia-Pacific and Latin America to address the growing demand for mobile content acceleration services in places where the Smart Phone frequently replaced the PC as a primary computing and networking vehicle.

(Via TechCrunch)

Tintri Raises $18 Million For “VM-Aware” Storage Appliance VMstore

by Leave a Comment

Tintri, producer of ‘VM-aware’ storage appliances, today announced it has closed an $18 million Series C funding round led by the company’s current investors, NEA and Lightspeed Venture Partners. The funding will help Tintri accelerate its research and development schedule and invest in regional sales.

Tintri’s VMstore is a purpose-built storage appliance that is exclusively intended for virtual machines, allowing enterprises to overcome storage-centric bottlenecks and significantly broaden their virtual deployments.

Tintri was co-founded in 2008 by Dr. Kieran Harty, former head of R&D at virtualization software giant VMware, and is headquartered in Mountain View.

(Via TechCrunch)

Virsto Lands $12 Million To “Transform Virtual Machine Storage”, Buys EvoStor

by 1 Comment

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.