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Funding

Hyper9 Raises $8 Million Series B Round, Mike Maples Joins Its Board

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Hyper9 has raised $8 million in a series B funding round led by Venrock, a highly respected venture capital firm. Joining Venrock were current investors Matrix Partners, Silverton Partners and Maples Investments.

Hyper9’s new breed of virtualization management technology provides virtual infrastructure administrators with the visibility they need to effectively do their job as well as provide the control that is necessary to manage such a dynamic environment. The Hyper9 product will be generally available early March, 2009.

The company also announced that Mike Maples Sr., a private investor and tech industry veteran, joined its Board of Directors. Formerly Executive Vice President of the Worldwide Products Group for Microsoft, Maples has a proven track record in advising software companies as they expand product lines and enhance business operations such as sales and marketing. Prior to Microsoft, Maples held senior positions at other market leading companies such as IBM, Lexmark, NetIQ, and Sonic restaurants.

Pano Logic Raises Follow-Up Financing To The Tune Of $6 Million

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Pano Logic today announced it has closed an extension to its Series B round of $6 million led by Foundation Capital and Goldman Sachs. This funding brings the total Series B financing to $18 million, and completes a year of expansion for Pano Logic, which experienced quarter-over-quarter growth and has received extensive industry recognition since bringing its first product to market in late 2007.

Over the course of 2008, Pano Logic has significantly increased its install base and signed more than 150 partners including one of the leading distributors, Avnet. Additionally, the Pano Virtual Desktop Solution received a SearchServerVirtualization.com Product of the Year award, the red dot 2008, and Good Design 2008 product design awards. Pano Logic was also named a finalist for the 2008 Red Herring North America 100 Awards, which recognizes startups that will lead the next wave of disruption and innovation.

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.