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Funding

InstallFree Secures $8.5 Million in VC Funding

August 5, 2008 by Robin Wauters 1 Comment

InstallFree, a provider of Dynamic Desktop Computing, today announced (PDF) it has received $8.5 Million in financing to drive the expansion of its product development and go-to-market teams. This round of financing was led by venture capital firms Ignition Partners and Trilogy Equity Partners. Richard Fade and John Connors of Ignition Partners and Peter van Oppen and Chuck Stonecipher of Trilogy Equity Partners will join InstallFree’s Board of Directors. The round follows a first round of financing of $1.7 Million secured in November 2007.

InstallFree launched its first product in April 2008. The company’s solutions improve IT operational efficiency and increase end-user productivity by eliminating the need to install software applications thus overcoming application conflicts and enabling the delivery of incremental changes on-the-fly and on-demand. All of this occurs without changing the organization’s existing infrastructure. With InstallFree, end-users can access their complete set of personal applications from any computer and work anywhere without limitations, while enjoying local application processing and offline availability—without undermining the IT department’s centralized management capabilities.

Dynamic Desktop Computing is a platform that enables organizations to centrally deploy and manage Windows client applications to end-users in a stateless, flexible and cost-efficient manner across a variety of end-user scenarios such as the office, home or on the road. InstallFree presents an elegant solution, changing application and desktop virtualization from a one-off solution to a standard method of deploying and managing software applications throughout a company’s entire corporate infrastructure.

InstallFree

Filed Under: Funding Tagged With: Dynamic Desktop Computing, financing, Funding, Ignition Partners, InstallFree, InstallFree Dynamic Desktop Computing, Trilogy Equity Partners, virtualisation, virtualization

Seanodes Raises $2.4 Million From OSEO

July 23, 2008 by Robin Wauters 1 Comment

Seanodes, developer of what they call “Shared Internal Storage solutions”, today announced it has received about $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 additional funding will help to reinforce our R&D team and investments enabling us to accelerate the porting of our solution on VMware and Microsoft’s platforms,” said Christophe Guittenit, CTO of Seanodes.

Exanodes, the Seanodes software platform, allows virtualized infrastructure applications to marry unused disk space found in many server and storage clusters with existing or additional dedicated storage hardware to provide a powerful shared storage pool. Exanodes abstracts the storage layer from the physical devices enabling users to select the hardware and connectivity options that best suit their environment, today and tomorrow.

Seanodes

Filed Under: Funding Tagged With: Exanodes, Funding, investment, OSEO, Seanodes, Seanodes Exanodes, storage virtualization, virtualisation, virtualization

Endeavors Unable To Secure Funding, Suspends Shares

July 22, 2008 by Robin Wauters Leave a Comment

These are troubled times for application virtualization and streaming startup Endeavors Technologies, who recently released its Application Jukebox and split the offer into 3 separate editions. Apparently, the company has been unable to secure a large funding round after exploring a number of possible options, resulting in a suspension of ordinary shares which have stopped trading on the London Stock Exchange.

David Lee, Chairman of Endeavors commented:

“The continued decline in institutional confidence has undermined our best efforts to satisfactorily conclude the proposed re-construction of the company and our inability to attract the relevant level of investment appropriate to the company’s phase of development is deeply disappointing. We are exploring all available options”

A further announcement is expected to be made in due course.

[Source: Virtualization.info]

Filed Under: Funding, News Tagged With: application virtualization, David Lee, Endeavors, Endeavors Technologies, Funding, London Stock Exchange, problems, shares, suspension of shares, trouble, virtualisation, virtualization

Xeround Raises $16 Million In Second Round

July 11, 2008 by Robin Wauters Leave a Comment

Xeround, an Israel-based startup in the database virtualization area, today announced it has closed a $16 million round of Series B funding led by Ignition Partners and Trilogy Partnership. Also participating in the round were existing investors Benchmark Capital and Giza Venture Capital. The newly acquired funds will be used to increase sales and marketing activities as well as to step up research and development to advance the product roadmap.

Xeround has developed a live, scalable Intelligent Data Grid, a cloud computing database with data virtualization capabilities. With Xeround’s offerings, applications no longer need to know where data resides or if it is being managed with relational, hierarchical or object models.

“We chose to raise a round of strategic funding to help us broaden our reach in both North America and Europe and to invest further in sales, marketing and product development,” said Charlotte Yarkoni, CEO of Xeround, Inc. “We believe our business model and approach to data management will continue to provide a truly unique market offering that delivers the performance, scalability and flexibility to support numerous applications in the telecommunications industry and beyond.”

[Source: Blocks and Files]

Filed Under: Funding Tagged With: Funding, IDG, Intelligent Data Grid, second round, series B, Series B funding, virtualisation, virtualization, Xeround, Xeround IDG, Xeround Intelligent Data Grid

rPath Raises $10 Million More

June 24, 2008 by Robin Wauters Leave a Comment

rPath, which got on our radar thanks to some high-profile customers, today announced that the company has closed a $10M round of venture financing. The Series C round was led by rPath’s existing backers, General Catalyst, North Bridge Venture Partners and Wakefield Group. The company says it plans to use this new capital to increase its leadership in enabling cloud computing.

rPath

“As the demand for cloud computing continues to explode, rPath is in a unique position to drive adoption as the fastest and most scalable approach for delivering applications to cloud computing environments such as Amazon’s Elastic Compute Cloud (EC2), Citrix’s XenServer, and VMware’s Virtual Infrastructure,” said Billy Marshall, rPath founder and CEO.

Since the beginning of 2008, rPath has seen a surge of interest in its technology resulting in an increase of over 100% in new customers, including 3SP, Avinity Systems, CERN, Cynapse, Department of Energy, DigitalStakeout, Firescope, VIP Tone and Webalo.

[Source: Private Equity HUB]

Filed Under: Funding Tagged With: financing, Funding, General Catalyst, North Bridge Venture Partners, rPath, Series C, venture capital, venture financing, virtualisation, virtualization, Wakefield Group

Parascale Raises $11+ Million In Series A Funding For Linux Cloud Storage

June 23, 2008 by Robin Wauters Leave a Comment

Parascale, a provider of cloud storage solutions for rich media content in traffic-intensive applications, today announced that it has closed an $11.37 million Series A financing round led by venture capital firms Charles River Ventures and Menlo Ventures.

Parascale

Parascale plans to use the funding for product development and marketing initiatives in preparation for the launch of Parascale Cloud Storage (PCS), an application that aggregates disk storage on multiple standard Linux servers providing one highly scalable storage cloud, accessible via standard file access protocols.

According to the news release, Parascale has developed a new class of storage solutions designed to support the wave of content-intensive applications, including video-on-demand, digital document archiving, scientific data analysis, video surveillance and medical image remote diagnosis among others. The company’s PCS software is patented technology which automatically and transparently migrates and replicates files among storage nodes to balance and optimize performance – without interruption in client access.

Parascale PCS

“With Charles River Ventures and Menlo Ventures, we have the two premier investors in the storage space supporting our company,” said Sajai Krishnan, Parascale CEO. “In the very specific technology domain where Parascale operates , clustered storage, Charles River’s success with EqualLogic has been the best clustered SAN-storage exit. Menlo’s investment in Spinnaker Networks has been arguably the best clustered NAS-storage exit. It is an honor to have Bruce Sachs of Charles River and John Jarve of Menlo on our board. Their voting with their wallets in leading the Series A round, is an affirmation of Parascale’s team, business model and opportunity.”

[Source: ByteandSwitch]

Filed Under: Funding Tagged With: Charles River Ventures, cloud storage, financing, Funding, linux, Linux cloud storage, Menlo Ventures, Parascale, Parascale Cloud Storage, Parascale funding, Parascale PCS, PCS, Series A funding, virtualisation, virtualization

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