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Funding

XtremIO Raises $14M In Series B Funding From Battery Ventures

June 14, 2011 by Robin Wauters Leave a Comment

XtremIO, developer of storage solutions based on Solid State technology, has announced that it has secured a $14 million financing round led by Battery Ventures, with participation from existing investors Giza Venture Capital and Jerusalem Venture Partners (JVP).

XtremIO will apply the capital to accelerate product engineering and deliver its solution to the enterprise storage market.

Filed Under: Funding Tagged With: XtremIO

Nutanix Raises $13.2 Million In Funding

May 6, 2011 by Robin Wauters Leave a Comment

Nutanix, developer of a converged compute and storage appliance for virtualized data centers, today announced that it has received $13.2 million in Series A funding in a “significantly oversubscribed” round.

Investors include Lightspeed Venture Partners and Blumberg Capital.

The funding will be used to help Nutanix establish a strong market presence in North America.

Nutanix is bringing “Google-like” scale-out and converged infrastructure to the world of virtualized data centers. Designed from the ground up for server and desktop virtualization, Nutanix Complete Appliance shrinks the datacenter through its converged architecture, reducing capital costs, power consumption and administration costs.

Nutanix Complete Appliance brings data closer to virtual machines, delivering true convergence through a combination of scalable software and industry-standard hardware components. Purpose-built for virtualization, the Nutanix converged architecture provides cost, performance and manageability benefits that are not possible by simply bundling servers and storage.

Co-founder and CEO Dheeraj Pandey was formerly vice president of engineering at Aster Data and played a leadership role in the development of Oracle Database and Oracle Exadata. Co-founder Dr. Mohit Aron, CTO, was lead architect at Aster Data and earlier led the design and development of Google File System (GFS), the software that manages data on Google’s converged compute and storage clusters.

Co-founder and chief products officer Ajeet Singh was previously senior director of product management at Aster Data and played a key role in defining Oracle’s early strategy for cloud computing. In addition to Pandey, Aron and Singh, the Nutanix board of directors includes Ravi Mhatre and Bipul Sinha from Lightspeed Venture Partners.

Filed Under: Funding Tagged With: Nutanix

Pluribus Networks Raises $17.5 Million

April 6, 2011 by Robin Wauters Leave a Comment

Pluribus Networks has raised $17.5 million in funding, an SEC filing reveals.

According to the company’s about page, its mission is to:

– Drive 3rd Wave of Virtualization into the Ethernet Hardware Market
– Deliver virtualized switches and distributed Netvisor operating system for true network virtualization with a fully programmable fabric
– Drive the commoditization of ethernet switch market

The company’s co-founders:

Robert Drost, Ph.D., CEO: former Senior Distinguished Engineer and Director of Advanced Hardware at Sun Microsystems

Sunay Tripathi (CTO): former Senior Distinguished Engineer for Sun Microsystems, and the Chief Architect for Kernel/Network Virtualization in Core Solaris OS.

C.K. Ken Yang, Ph.D., VP of Product Engineering: a Tenured Professor of EE at UCLA (on sabbatical)

Investors are Mohr Davidow Ventures and NEA.

(Via FormDs)

Filed Under: Funding Tagged With: financing, Funding, investment, Pluribus Pluribus Networks

Dr. Kieran Harty, Former Head of VMware R&D, Raises $17 Million For Tintri

March 28, 2011 by Robin Wauters Leave a Comment

Tintri, developer of a purpose-built storage system for virtual machines, last week announced Tintri VMstore, a storage system that allows enterprises to overcome costly problems associated with the scale or performance of virtual infrastructure.

Tintri also announced that it raised nearly $17 million in Series A and Series B venture funding led by NEA and Lightspeed Venture Partners.

Tintri’s co-founder and CEO is Dr. Kieran Harty, who earned his PhD at Stanford University and led all desktop and server research and product development at VMware from 1999 until 2006.

Tintri brought together an R&D team drawing on industry-leading experts from Citrix, EMC/Data Domain, Google, NetApp, Sun Microsystems, VMware and others to build “the world’s first” VM-aware storage system.

Tintri VMstore is already in production use helping enterprises manage and store virtual machines at a wide range of companies in global electronics, mobile games, geo-informatics, technology, higher education and more.

Filed Under: Funding Tagged With: Dr. Kieran Harty, Kieran Harty, Lightspeed Venture Partners, NEA, Tintri, Tintri VMStore, VMStore, vmware

Stealth Enterprise Virtualization Software Start-up HotLink V Is Raising $10 Million

March 3, 2011 by Robin Wauters Leave a Comment

An SEC filing reveals that HotLink V, a stealth enterprise software virtualization startup, has secured about $7 million from a $10 million funding round.

This is the company’s pitch on its website:

HotLink V Corporation, a venture capital backed company currently in stealth mode, is a Sunnyvale, CA based enterprise virtualization software start-up. Started in early 2010 by founders of FastScale Technology (acquired by EMC/VMware), HotLink V is focused on enabling seamless interoperability of all major enterprise virtualization platforms and public cloud providers.

Indeed, the filing lists FastScale founder & former CEO Lynn LeBlanc, former VP of Engineering Richard Offer and investor Mark Cameron White.

Filed Under: Funding Tagged With: FastScale, FastScale Technology, HotLink V, Lynn LeBlanc, Mark Cameron White, Richard Offer

Citrix Invests In Primadesk: Search, Manage And Backup Cloud Data

February 28, 2011 by Robin Wauters Leave a Comment

Citrix Systems this morning announced an investment in Primadesk, marking the first funding commitment for the Citrix Startup Accelerator, its Silicon Valley-based seed investment initiative launched in December 2010.

Primadesk, based in Novato, Calif., helps users search, manage and backup their personal cloud data with one simple interface no matter what device they use. A beta version of the Primadesk technology will be demonstrated on stage today at DEMO 2011, while the product will officially launch in March.

Primadesk was founded in 2009 and is also behind Fotolink, which lets users drag and drop photos from their computers to Facebook and vice versa, between Facebook albums and from friends’ albums and other photo services such as Flickr and Picasa to your Facebook albums.

(Also posted on TechCrunch)

Filed Under: Funding Tagged With: citrix, itrix Startup Accelerator, Primadesk

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