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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.”

PHD Technologies Officially Announces Funding Round, Fails To Share Any Details

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Remember last week when we reported on PHD Technologies, provider of the esXPRESS backup and restoration solution for virtualized infrastructures, announcing the appointment of Sridhar Murthy as the company’s CEO?

The press release also mentioned a fresh funding round, but was scarce on details. Today, the company decided to let us in on the questions we all ask when a new investment in a virtualization company is made: who decided to invest, and how much?

Except you won’t find any answers in their newest official press release either, except for the fact that it concerns “an equity investment from a top tier venture capital firm”. The rest of the press release was the usual marketingese, but I really wondered why PHD Technologies decided it was worth sending a press release containing absolutely no new information whatsoever?

rPath Raises $10 Million More

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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]