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InterWest Partners

Virsto Software Adds Another $5 Million To Series B Round

August 24, 2011 by Robin Wauters Leave a Comment

Virsto Software, a provider of VM-centric storage-hypervisor software, has landed a follow-on investment to the tune of $5 million to its June 8 Series B round of $12 million, bringing the total investment in the round to $17 million.

Southern Cross Venture Partners and Correlation Ventures join as new investors – InterWest Partners, August Capital and Canaan Partners backed the company earlier. Southern Cross was an investor in EvoStor, an Australia-based developer of storage solutions for the VMware market, which Virsto acquired earlier this year.

The additional funding will be used to accelerate growth, broaden industry partnerships and expand hiring to support continued innovation in Virsto’s products that bring performance, functionality and cost back into line for storage in virtual environments.

The company also plans to use the proceeds to enter the VMware market this year.

Founded in 2007, Virsto has developed the first multi-platform VM-centric storage hypervisor. A partner of Citrix, Microsoft, and VMware, Virsto’s software lets organizations change the economics of storage in server and desktop virtualization, increasing performance and management flexibility while lowering storage costs.

Filed Under: Funding Tagged With: august capital, canaan partners, Correlation Ventures, EvoStor, InterWest Partners, Southern Cross Venture Partners, virsto, virsto software

Gear6 Raises $ 10 Million from Horizon Ventures, US Venture Partners and InterWest Partners

March 27, 2008 by Robin Wauters 1 Comment

Mountain View-based Gear6  today announced it has secured a $ 10 million financing round led by Horizon Ventures. Existing investors U.S. Venture Partners and InterWest Partners also participated in the round. The closing of this financing round brings the total capital invested in Gear6 to $24.5 million.

virtualization-gear6.jpg

Gear6 accelerates I/O for real-time application performance and delivers centralized caching solutions in the data center. It’s most notable product is CACHEfx, a line of appliances that deliver high I/O operations per second and extremely low latency to accelerate the performance of data intensive applications, integrating both a hardware and software solution.

“We are pleased to welcome Horizon Ventures as an investor in Gear6,‘ said Tom Shea, president and chief executive officer. ‘The market for our CACHEfx scalable caching appliances is poised for significant growth and this financing round gives us the opportunity to meet increasing demand for centralized caching solutions across key markets including performance computing, databases, business intelligence, web-scale and virtualized environments.”

[Source: Ad-Hoc-News]

Filed Under: Funding Tagged With: CACHEfx, CACHEfx G100, Gear 6, Gear6, Horizon Ventures, I/O Virtualization, InterWest Partners, server virtualization, Tom Shea, U.S. Venture Partners, virtualisation, virtualization

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