• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Virtualization.com

Virtualization.com

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

  • News
  • Featured
  • Partnerships
  • People
  • Acquisitions
  • Guest Posts
  • Interviews
  • Videos
  • Funding

Southern Cross Venture 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

Primary Sidebar

Tags

acquisition application virtualization Cisco citrix Citrix Systems citrix xenserver cloud computing Dell desktop virtualization EMC financing Funding Hewlett Packard HP Hyper-V IBM industry moves intel interview kvm linux microsoft Microsoft Hyper-V Novell oracle Parallels red hat research server virtualization sun sun microsystems VDI video virtual desktop Virtual Iron virtualisation virtualization vmware VMware ESX VMWorld VMWorld 2008 VMWorld Europe 2008 Xen xenserver xensource

Recent Comments

  • C program on Red Hat Launches Virtual Storage Appliance For Amazon Web Services
  • Hamzaoui on $500 Million For XenSource, Where Did All The Money Go?
  • vijay kumar on NComputing Debuts X350
  • Samar on VMware / SpringSource Acquires GemStone Systems
  • Meo on Cisco, Citrix Join Forces To Deliver Rich Media-Enabled Virtual Desktops

Copyright © 2023 · Genesis Sample on Genesis Framework · WordPress · Log in

  • Newsletter
  • Advertise
  • Contact
  • About