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Video: Vinod Khosla On His Green Tech Investment Strategy

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The video below features the legendary entrepreneur turned venture capitalist Vinod Khosla, interviewed briefly by Om Malik at the recent D6 Conference. Khosla shares some insight in his investing strategy, as well as some info on his recent data center plays. Xsigo Systems, a startup we mentioned on Virtualization.com before, is lucky enough to have him not only as an investor, but also as one of their board members. Khosla explains why he decided to back the company, which makes both hardware and software to create and manage virtual servers.

[Source: Earth2Tech]

Incipient Raises $ 15.6 Million Venture Capital Funding In Series E

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Incipient, a provider of enterprise-class storage virtualization and automated data migration software solutions, announced today that it has closed a $15.6 million Series E round of funding from existing investors including Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, Greylock, QuestMark Partners, Sigma Partners, and Wasatch Advisors, as well as a new investor.

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Incipient says it will use this new funding to expand global sales and marketing initiatives for its enterprise-class award winning storage virtualization and automated data migration software solutions now being used by leading financial services organizations to automate and virtualize their data center operations.

“We are pleased with the continued steadfast support and confidence of this storage-savvy investor group participating in this latest round of funding,” said Ric Calvillo, CEO and co-founder of Incipient. “Over the last year we have seen a dramatic increase in customer traction and interest in both our storage virtualization and automated data migration solutions within the financial services market segment. We see this interest accelerating globally over the upcoming year as we uniquely address the desire by large financial services accounts to automate and virtualize data center operations to manage complexities associated with storage growth and business service requirements.”

“The need to automate and virtualize data center operations is a top priority for global financial services entities and Incipient is uniquely well-positioned to capitalize on this rapidly evolving market opportunity,” said Bill Helman, general partner, Greylock. “We look forward to working with and continuing to support Incipient as they execute on the major market opportunity they are now prepared to exploit with their enterprise-class solutions.”

[Source: VMBlog]

Another Day, Another Funding Deal: VirtenSys Raises 8.1 Million Euro

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UK-based virtualization company VirtenSys has secured a Series B funding round to the tune of € 8.1 million (USD 12 million). The syndicate consists of existing shareholders Scottish Equity Partners, Celtic House Venture Partners and the Belgian GIMV. VirtenSys will use the new funds to expand operations in the UK and US, and to launch its products and begin revenue generation.

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“That the original investors subscribed fully to the Series B round is significant,” said Andy Roberts, chairman of the board of directors of VirtenSys. “It validates our strategy and demonstrates their confidence in the market opportunity and the demand for our products.”

VirtenSys is developing I/O virtualization solutions for data centers. VirtenSys’ technology enables data centers to better adapt to dynamic workloads, self-configure, and self-heal at a lower total cost of ownership and higher utilization than currently available systems.

VirtenSys predicts a growing demand for its solutions as workloads on data centers keep increasing and the dynamics of the IT workload are changing. According to the company these dynamics call for greater corporate agility in response to changing business conditions and require an IT infrastructure that can adapt equally fast. Organizations are trying to find new ways to increase data center utilization while reducing the total cost of ownership. This again requires greater dynamism in the management of the IT workload.

VirtenSys’ strategy is to protect IT investments with a standards-compliant migration path for servers to virtualized I/O resources. The I/O virtualization solutions are based on the industry-standard PCI Express I/O interface which is natively available on all servers.

Stuart Paterson, a partner at lead investor SEP said, “SEP is confident that VirtenSys has an excellent future. Virtualization is very much at the top of CIO agendas. VirtenSys virtualization solutions increase utilization, while lowering power and cooling requirements by as much as 50 percent. This is very attractive to many organizations seeking to optimize their data centers.”

Just recently, VirtenSys appointed a new CEO (Ahmet Houssein ), a new chairman (Andrew Roberts ), expanded its sales and engineering executive teams and opened its US headquarters in Oregon. The company was founded in December 2005 and raised its first round of funding in October 2006. Scottish Equity Partners, Celtic House Venture Partners and GIMV then invested a total of €9.5 million.

[Via Tornado-Insider ]

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

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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 ]