Virtualization.com

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

financing

Another Virtualization Company Raises Funding; This Time Pano Logic Is Getting $ 12 Million

by Leave a Comment

After Virtual Iron and CiRBA , it’s now Pano Logic announcing fresh funding to the tune of $ 12 million. This is the desktop virtualization company’s second round, which was led by New York-based Goldman Sachs.

Other participants included Foundation Capital, which has an office in Menlo Park (where Pano Logic is based).

The company said it uses existing server virtualization technologies to create a new approach to client/desktop computing that lowers total cost of ownership while increasing security, management and mobility.

Founded in 2006, Pano Logic also has an office in Toronto, Canada.

[Via BusinessJournal ]

Funding For CiRBA and Virtual Iron, Dell Completes Acquisition of EqualLogic

by 1 Comment

More interesting news today:

CiRBA Raises $12 Million With Sigma Partners

CiRBA Inc., today announced that it has raised $12 million in its second round of institutional funding led by Sigma Partners . Existing investors including Edgestone Capital Partners and others also participated in the round. The funding will enable CiRBA to further accelerate growth on a global scale, with investments in sales, marketing and product development.

Virtual Iron Capitalizes on Strong Market Momentum, Raises $20 Million in New Equity Financing

Virtual Iron Software, a provider of enterprise server virtualization software, today announced that it has secured $20 million in new venture equity financing. The funding, provided at an increased valuation, will be used to accelerate product development and expand global sales, marketing and distribution efforts. The investment brings Virtual Iron’s total venture funding to $65 million in invested equity capital and includes Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital and SAP Ventures.

Dell Completes EqualLogic Acquisition

Today Dell completed the EqualLogic acquisition, a leading provider of high-performance storage area network (SAN) solutions designed for virtualization and ease-of-use. The purchase extends Dell’s leadership in simplifying IT for customers.

“Customers face extreme challenges with data growth. Storage solutions that use existing infrastructure, install in minutes not days, manage themselves, can grow easily as needs increase and plug into the virtualized IT ecosystem will help businesses with their storage needs. EqualLogic provides these storage solutions and that’s the incredible value that Dell will now be able to deliver to our customers.  With Dell’s PartnerDirect channel, we will unleash the power of iSCSI and virtualization to redefine the economics of storing and processing data.”