Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts

Tuesday, September 19, 2017

Minio raises $20m for Multi-Cloud Object Storage

Minio, a start-up based in Palo Alto, California, raised $20 million in Series A funding for open source object storage for cloud-native and containerized applications.

Minio has developed an object storage server that enables developers to store unstructured data on any public or private cloud infrastructure, including multi-cloud deployments. The solution lets users build their own Amazon S3-compatible object storage on bare metal, public cloud or existing SAN/NAS storage infrastructure.

Minio reports  over 10M downloads since its general availability in January 2017.

The Series A funding round was jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners, with participation by Intel Capital, AME Cloud and Steve Singh.


Wednesday, September 6, 2017

MapR raises $56 million for big data management

MapR Technologies, which offers a Converged Data Platform that integrates analytics with operational processes in real time, announced $56 million in new equity investment from its existing investors.

MapR reported 100 percent quarterly billings growth for its second quarter of fiscal 2018, which ended on July 31, 2017, one of the largest increases for the company. The company cited
over 100 percent year over year growth in new subscription billings from Global 2000 customers such as American Express, Audi, Cisco, Ericsson, HPE, Novartis, NTT Security, SAP, UnitedHealthcare and Wells Fargo.

Some Q2 Highlights:

  • MapR introduced MapR-XD, a cloud-scale data store to manage files and containers. As part of the MapR Converged Data Platform, MapR-XD uniquely supports any data type from the edge to the data center and multiple cloud environments with automatic policy-driven tiering from hot, warm or cold data. MapR-XD enables customers to create vast, global data fabrics which are inherently ready for analytical and operational applications making it easier to operationalize data.

  • MapR formed a partnership with NTT DATA Business Solutions Asia Pacific, one of the largest SAP reseller and solutions based consulting firms globally to help customers optimize and find more cost efficiencies for their SAP deployments using the MapR Converged Data Platform. MapR partners include Amazon, Cisco, Google, HPE, Microsoft, SAP and Teradata.

"Our customers and partners continue to be at the forefront of this 30-year re-platforming the industry is going through today. We are working closely with them to ensure their success and helping them to execute on their digital transformation and data strategies," said Matt Mills, CEO, MapR Technologies.

MapR is based in San Jose, California.

http://www.mapr.com


  • In May 2014, MapR Technologies raised $110 million in venture funding for its distribution for Apache Hadoop software. Google Capital led the $80 million equity financing. Also participating was Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.  In addition to the equity financing, MapR completed a debt facility of $30 million led by Silicon Valley Bank.

Thursday, August 31, 2017

Qadium raises $40m for indexing every device on public Internet

Qadium, a start-up based in San Francisco, announced $40 million in Series B funding for its automated, global Internet intelligence operation.

Qadium said it "indexes every device on the public Internet every hour, similar to how search companies crawl web pages." Qadium then uses these data to continually monitor the global Internet for large organizations’ true network boundary, surfacing comprehensive information about all of an organization’s Internet-facing risks.

“Our technology would have been impossible just a few years ago,” says Co-Founder and CTO Matt Kraning. “Now, we leverage distributed and massively parallelized computation to monitor the global Internet in real time. It’s the first game-changer in a decade for defenders in cyberspace, allowing them to find and fix risks faster than attackers can exploit them.”

Qadium is available on a SaaS basis. Cited customers include PayPal, Capital One, Allergan, and Fluor, among others.

The new funding round was led by IVP, joined by new investor TPG Growth. Prior investors New Enterprise Associates (NEA), Founders Fund, Susa Ventures, and angels also participated.

https://qadium.com/

Tuesday, August 29, 2017

LookingGlass Cyber raises $26.3m for threat intelligence

LookingGlass Cyber Solutions announced $26.3 million, comprised of mezzanine debt funding and incremental venture capital for its threat intelligence-driven security solutions.

LookingGlass said over 40 companies and MSSP’s are subscribed to its Cyber Guardian Network partner program. CenturyLink is the latest managed security service provider (MSSP) to join the network and, like other partners, will be utilizing LookingGlass’ unique capabilities to provide their customers access to industry leading threat intelligence tools on the market.

LookingGlass is also introducing a Threat Intelligence-as-a-Service for organizations that require cybersecurity business solutions to be deployed and enacted immediately, without obtrusive lead-time and will ensure protection for company brands, intellectual property, customers, and employees.

LookingGlass also highlighted its recent discovery of 40 million voter records for sale on the dark web. Additionally, LookingGlass announced their Corporate and Supplier Cyber Attack Surface Analysis offering this spring and subsequently its comprehensive Third Party Risk Monitoring service, which delivers continuous visibility into the risk exposure and attack surface of an organization’s key vendors. This service is a completely outsourced way to analyze third party vendors’ risk impact on an organization.

“This investment acknowledges our significant growth position in the market and will help us to better service our clients and stay ahead of our competition,” said CFO Stewart Curley. “The LookingGlass portfolio delivers unified threat protection against sophisticated cyber attacks and enables both global enterprises and governments to take threat intelligence into their own hands, and act on it. We are proud to add Eastward Capital and Triangle Peak to our long-term investor group.”

http://www.lookingglasscyber.com


  • LookingGlass Cyber Solutions is based in Reston, Virginia.

Tuesday, August 22, 2017

Druva raises $80 million for data-as-a-service

Druva, a start-up based in Sunnyvale, California, announced $80 million in new funding for its cloud data protection and management solutions.

Druva provides a data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence. Earlier this month, Druva announced the Druva Cloud Platform Tech Preview, which converges its Druva Phoenix and Druva inSync cloud solutions, and offers a unified view into services and data.

Druva said its success is fueled partially by the rapid expansion of the data protection industry, with market size expected to be $28 billion in 2022 for both cloud-based and on-premises servers, in addition to the rapid cloud data protection and management adoption by Global 5000 organizations.

“We see today’s digital transformation as a data transformation, and protecting data in today’s cloud-connected environment requires a fresh approach,” said Jaspreet Singh, co-founder and chief executive officer at Druva. “Druva’s as-a-Service solution eliminates costly and complex infrastructure to quickly and seamlessly protect, govern, and gain intelligence from their data when and where it’s needed.”

The new funding round was led by Riverwood Capital, with strong participation from Sequoia Capital India, Nexus Venture Partners, Tenaya Capital, and most other existing venture investors.
This brings Druva's total raised to data to approximately $200 million.

https://www.druva.com


  • In May, Druva reported that it is seeing more than 300 percent year-over-year growth in infrastructure data protection revenue. Additionally, Druva Cloud deployments now span more than 4,000 enterprise customers, including 10 percent of the world’s Fortune 500 companies.  


Monday, August 21, 2017

Redis Labs secures $44m in venture funding

Redis Labs, a start-up based in Mountain View, California with offices in Tel Aviv and London, raised $44 million in Series D funding, bringing its total equity to $86 million.

The latest funding round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital.

Redis Labs is home of open source Redis, the world's most popular in-memory database platform and currently the fastest growing database of any kind (SQL or NoSQL). Redis was created in 2009 by Salvatore Sanfilippo, who leads open source development at Redis Labs.

Redis Labs reports 70 percent year-over-year revenue growth in the most recent quarter.

"This funding round is a testament to the growing market demand and adoption of the open source Redis and Redis Enterprise to power next-generation applications as real-time, ultra-responsive capabilities become mandatory," said Ofer Bengal, CEO and co-founder at Redis Labs. "The investment will support our continued market penetration and allow us to meet the enterprise demand we're seeing for a modern in-memory database platform across wider geographies and industry sectors."

https://redislabs.com

Friday, July 28, 2017

Big Switch secures $30.7m in capital funding

Big Switch Networksof Santa Clara, California, The Next-Generation Data Center Networking company,

a.         Founded in 2010 having originated from the original Stanford research team that invented software defined networking (SDN) technology.

b.         Began shipping its platform-independent open SDN product suite, featuring a controller, virtual switch and network monitoring application in 2012, and in 2013 started packaging its technology components into bare metal SDN fabric solutions.
c.         In January 2016 closed a Series C, $48.5 million funding round with participation from both new and existing investors, including Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group and MSD Capital, and bringing total funding at that time to $94 million.

Has announced it has secured $30.7 million in new financing to support further sales and product expansion as organisations continue to adopt next-generation networking solutions to modernise data centres.

Big Switch stated that the latest financing involves the participation of Dell Technologies Capital, Silverlake Waterman, Index Ventures, Morgenthaler Ventures, MSD Capital, Redpoint Ventures, Khosla Ventures, Intel Capital and a strategic investment from a Tier-1 service provider. The company noted that total funding raised to date exceeds $120 million.

http://www.bigswitch.com/press-releases/2017/07/27/big-switch-networks-secures-307mm-in-incremental-capital


  •  In January, Big Switch announced new capabilities for its Big Cloud Fabric (BCF), including comprehensive networking support for hyper-converged solutions powered by VMware vSAN and virtual desktop and application solutions with VMware Horizon, as well as multi-container networking support for Mesosphere DC/OS and Kubernetes container orchestration platforms, including Red Hat OpenShift Container Platform.

Wednesday, May 24, 2017

Fastly, provider of edge cloud solutions, raises $50m in Series E funding

Fastly based in San Francisco, the edge cloud platform:

a.         Founded in 2011 by Artur Bergman, current CEO of Fastly.

b.         Developer of an edge cloud platform designed to enable secure and scalable delivery of digital services.

c.         Which has raised total funding of approximately $129 million in four rounds from investors including Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV, Battery Ventures and IDG Ventures.

Announced it has raised $50 million in new funding in a Series E round led by Sorenson Capital, with participation from additional new investor Sapphire Ventures and existing investors Iconiq Capital, Amplify Partners, August Capital, O'Reilly AlphaTech Ventures OATV and IDG Ventures. The company stated that including this latest round it has raised a total of approximately $180 million to date.

Fastly stated that since the introduction of its edge cloud platform, the company has achieved more than 100% annualised revenue growth over the last two quarters and is approaching breakeven based on an annualised run rate of $100 million. Fastly cited customers including online destinations such as The New York Times, Airbnb, Spotify, Pinterest and Ticketmaster.

Fastly's edge cloud platform provides a suite of application delivery, video and streaming, and cloud security solutions, including the recently-announced Image Optimizer, Load Balancer and Web Application Firewall (WAF), which were launched in April this year.


In October 2016, Fastly introduced its Managed CDN solution, designed to provide businesses with custom CDN solutions that meet individual customer requirements. The Managed CDN offering combines a customer’s existing network infrastructure with Fastly's content delivery platform.


Thursday, May 11, 2017

Datos IO raises investment from Cisco and NetApp

Datos IO, a start-up developing application-centric data management technology for cloud environments, announced that Cisco Investments and NetApp have become strategic investors in the company.

Datos IO stated that it plans to use the proceeds of this investment to develop its application-centric technology that is designed to provide customers with enhanced backup storage efficiency and enable data management services at a granular level. The solution allows enterprises to protect and move traditional and third platform applications, whether on-premise, between public clouds or in multi-cloud environments.

The company noted that as enterprises transition to operating IT across multi-cloud infrastructure and deploying applications in private, public or hybrid cloud environments, it aims to simplify the protection and management of data across clouds while eliminating the complexity of multi-cloud environments for use cases such as backup and recovery, test/dev, cloud on-ramping, archival and analytics.

Datos IO was co-founded in 2014 by Tarun Thakur, CEO and Prasenjit Sarkar, CTO to develop a cloud-first, application-centric approach to data management for both traditional and third platform applications deployed on-premises or on multi-cloud infrastructure. As part of its solution, the company has created a range of technologies using its advanced CODR architecture: Datos IO raised $12.5 million in Series A funding in September 2015.

Datos IO stated that while traditional data protection solutions protect applications at a VM-level or a storage LUN-level, its technology eliminates dependencies on VM or LUN constructs, so enabling application-centric data management. This approach allows enhanced backup storage efficiency, data management services at a granular level and enables customers to intelligently move their applications in public cloud or multi cloud environments.

The company noted that one year after the release of its flagship RecoverX product, it has announced customers including Ayla Networks, Barracuda Networks and Fortune 500 enterprise customers.

Datos is based in San Jose, California.

Tuesday, May 9, 2017

Flex Logix, developer of embedded FPGA technology, raises $5m

Flex Logix Technologies, headquartered in Mountain View, California, a supplier of embedded FPGA IP and software:

a.         Founded in March 2014 to develop solutions for reconfigurable RTL in chip and system designs employing embedded FPGA IP cores and software.

b.         Offering the EFLX technology platform designed to significantly reduce design and manufacturing risks, accelerate technology development and provide greater flexibility for customers' hardware.

c.         Which in October 2015 announced it had raised $7.4 million in a financing round was led by dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund), with participation from founding investors Lux Capital and the Tate Family Trust.

Announced it has secured $5 million in Series B equity financing in a round led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust.

Flex Logix stated that new funding will be used to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in applications including networking, government, data centres and deep learning.

Targeting chips in multiple markets, the Flex Logix EFLX platform can be used with networking chips with reconfigurable protocols, data centre chips with reconfigurable accelerators, deep learning chips with real-time upgradeable algorithms, base stations chips with customisable features and MCU/IoT chips with flexible I/O and accelerators. The company noted that EFLX is currently available for popular process nodes and is being ported to further process nodes based on customer demand.

The Flex Logix technology offers high-density blocks of programmable RTL in any size together with the key features customers require. The solution allows designers to customise a single chip to address multiple markets and/or upgrade the chip while in the system to meet to changing standards such as networking protocols. It also allows customers to update chips with new deep learning algorithms and implement their own versions of protocols in data centres.

Regarding the new funding, Peter Hebert, managing partner at Lux Capital, said, "I believe that Flex Logix's embedded FPGA has the potential to be as pervasive as ARM's embedded processors… the company's software and silicon are proven and in use at multiple customers, paving the way to become one of the most widely-used chip building blocks across many markets and for a range of applications".

While Pierre Lamond, partner at Eclipse Ventures, commented, "The Flex Logix platform is the… most scalable and flexible embedded FPGA solution on the market, delivering competitive advantages in time to market, engineering efficiency, minimum metal layers and high density… the patented technology combined with an experienced management team led by Geoff Tate, founding CEO of Rambus, position the company for rapid growth".


Monday, May 1, 2017

Rubrik Raises $180M for Cloud Data Management

Rubrik, a start-up based in Palo Alto, California, closed $180 million in Series D funding for its cloud data management solutions.

Rubrik's platform delivers automated cloud data backup, instant recovery, offsite replication and data archival capability. One Intel-powered appliance manages all data in the cloud, at the edge, or on-prem for backup, DR, archival, compliance, analytics, and copy data management. The company said it is on an annual run rate approaching $100 million.

The latest investment round was led by IVP with strong participation from Lightspeed Venture Partners and Greylock Partners, bringing total equity raised to $292 million.

https://www.rubrik.com/


Friday, April 28, 2017

Teraphysics Raises $50 Million for mmWave Technology

Investment firm Boustead Securities has announced that Teraphysics, based on Cleveland, a developer of high-speed wireless transmission technology, has received SEC qualification for a $50 million capital raise through the issuance of Regulation A+ securities.

In conjunction with the announcement of its Regulation A+ securities issue, which is underwritten by Boustead, Teraphysics also recently detailed its commercialisation plans for the mmLink technology.

Under the terms of the transaction, Teraphysics is issuing 10 million share of common stock at $5 per share. The net proceeds will be used to fund the commercialisation phase of its technology, including the development of a micro link wireless network for the demonstration of wireless terrestrial and stratospheric platforms, the establishment of a piloting facility and the purchase of production capacity.

Teraphysics, founded by three former NASA scientists, has developed mmLink technology that enables high-speed data transmission and targets applications for next generation 5G mobile data connectivity and Internet access. Development of the company's mmLink millimetre-wave amplifiers was supported with funding from the NASA Jet Propulsion Lab, Air Force Research Lab and the Defense Advanced Research Projects Agency.

Based in Cleveland, Ohio, Teraphysics was founded by Louis S. Fisi and scientists Dr. Gerald T. Mearini (PhD) and James A. Dayton,, Jr. (PhD). The company has developed patented devices designed to significantly enhance 5G data delivery. Teraphysics' IP includes its patented and commercially viable THz source that employs miniaturised vacuum electronics.

The mmLink solution is a wireless solution able to transmit at very high data rates using a millimetre-wave amplifier that has been developed from technology installed in NASA vehicles including the Mars Observer and Cassini spacecraft.

The Teraphysics amplifier is designed to provide high power and wide bandwidth in previously inaccessible parts of the millimetre-wave band and is intended to offer a lower cost, quicker to install alternative to fibre connectivity. The company's first amplifier is expected to deliver data rates of 10 to 20 Gbit/s, while future products could support rates of up to 150 Gbit/s.

Tuesday, April 11, 2017

Enablence to raise C$6m for PLCs

Enablence Technologies of Ottawa and Fremont, California, a supplier of optical components and subsystems for access, metro and long-haul markets, announced its intention to complete additional financing for approximately C$6 million.

Enablence also announced the termination, by mutual agreement, of the non-binding letter of intent (LoI) with Esrey Energy as announced on December 8, 2016, under which the two companies proposed to implement a business combination. Esrey is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea and Bulgaria.

However, Enablence stated that it expects to meet its stated goal as announced at the same time for the execution of a LoI to raise funds of C$10 million to support growth. The company plans to achieve this via a combination of the exercise of outstanding warrants, the private placements completed in December 2016 and January 2017, which totalled approximately C$4 million, cash advances of C$2 million and with the closing of financings.

As previously announced, Enablence intends to use the funds as growth capital for current and future products and for general corporate purposes. Part of the funding will be used for a capex program to expand the production of its planar lightwave circuit (PLC) chips to meet demand resulting from both existing purchase orders and anticipated demand for its metro market-focused 100 Gbit/s TxRx products.

In addition, a portion of the funds will be allocated to complete the development of a new 100 Gbit/s TxRx product targeting the data centre market and for R&D activities relating to next generation 200/400 Gbit/s products.

To raise the C$10 million funding, Enablence intends to complete a non-brokered private placement financing of common shares at 7c per share for gross proceeds of approximately C$4 million and to conduct a non-brokered private placement of C$1,000 principal amount of unsecured convertible debentures for gross proceeds of up to C$2 million.


As part of the financing, certain investors propose to enter into debt settlement agreements with Enablence to settle outstanding non-interest bearing cash advances totalling C$2 million through issuing 7.14 million shares for an aggregate C$500,000 and the issue of C$1.5 million principal amount of debentures, subject to approval by the TSX venture exchange.

Tuesday, March 28, 2017

Rigetti Computing Targets Quantum Computing in the Cloud

Rigetti Computing, a start-up based in Berkeley, California, announced $64 million in Series A and B funding for its efforts in quantum computing.

Rigetti, which was founded by Chad Rigetti in 2013, is building a cloud quantum computing platform for artificial intelligence and computational chemistry. It recently opened up private beta testing of its API for quantum computing in the cloud.

The Series A round of $24 million was led by Andreessen Horowitz. The Series B round of $40 million was led by Vy Capital, followed by Andreessen Horowitz. Major investors in both rounds include Y Combinator's Continuity Fund, Data Collective, FF Science, AME Cloud Ventures, Morado Ventures, and WTI.

"Quantum computing will enable people to tackle a whole new set of problems that were previously unsolvable," said Chad Rigetti, founder and chief executive officer of Rigetti Computing. "This is the next generation of advanced computing technology. The potential to make a positive impact on humanity is enormous."

http://rigetti.com/

Thursday, March 2, 2017

Hedvig Raises $21.5M for Software-Defined Storage

Hedvig, a start-up based in Santa Clara, California, raised $21.5 million in Series C funding for its software-defined storage solutions.

Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. The Hedvig Distributed Storage Platform consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Its Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure.

The funding included new investments from Singapore-based EDBI and Hewlett Packard Pathfinder, part of Hewlett Packard Enterprise (HPE). The round also included expanded investments from Atlantic Bridge Ventures, including its Oman Technology Fund, and contributions from existing investors True Ventures and Vertex Ventures. The company has now raised a total of $52 million to date.

“All sectors of enterprise IT are being hit by new demands from the massive wave of emerging digital businesses. It’s a wake-up call for the storage industry and a signal that a flexible, simple software-defined storage solution is needed for primary and secondary storage in the era of cloud,” said Avinash Lakshman, founder and CEO of Hedvig.

http://www.hedviginc.com

Wednesday, February 22, 2017

Diamanti Releases its Hyper-Converged Container Platform, Raises $18M

Diamanti (previously Datawise.io), a start-up based in San Jose, California, announced general availability of its Diamanti D10 hyper-converged container platform.

Diamanti said its platform enables enterprise IT organizations to deploy Docker containers in seconds with guaranteed service levels at a fraction of the cost of traditional data center infrastructure. The Diamanti D10 appliance ships pre-integrated with all of the container software, compute, networking and storage resources necessary to optimally deploy and operate high-performance containerized applications at production scale. Diamanti’s network and storage API contributions to popular Kubernetes open-source container orchestration software automate the container deployment process across all infrastructure resources, enabling production deployment in seconds versus days and weeks of manual approaches.

The company also announced the close of an $18 million Series B funding round to drive growth across product development, support, sales, and marketing, bringing the company’s total funding to more than $30 million. New investor Northgate Capital led the round, with additional investments from CRV, DFJ, Translink, and GSR Ventures.

“Modern enterprise container adopters are targeting data intensive applications,” said Jeff Chou, Diamanti CEO and co-founder. “Enterprises are delivering large-scale digital services in private and public clouds built around Docker containers faster than ever. These data-driven applications include real-time data pipelines and analytics that can overwhelm existing infrastructure built for monolithic virtualized applications. Serving this new class of agile digital services requires an operational model that brings predictable network and storage I/O service levels to workloads including Cassandra, MongoDB, and PostgreSQL across multiple environments as customers adopt varying hybrid cloud models.”

https://www.diamanti.com/

Wednesday, February 8, 2017

Mojo Networks Raises $30M for Cloud-managed WiFi

Mojo Networks closed a combination of Series E funding and debt of $30 million to support its cloud-managed WiFi.

Mojo says its cloud-managed WiFi solution is based on a radical vision for creating networks that reach new heights in performance, security, scalability, and ease-of-use.

The investment round includes previous investors Presidio Partners, Trident Capital, and Granite Ventures, who are joined by new investors North Haven Expansion Credit, a fund sponsored by Morgan Stanley Private Credit & Equity, Walden Riverwood Ventures, and Alpha Technologies.

“With consolidation in the market, there is a slowdown of innovation in the industry that helps no one but the incumbents,” said Rick Wilmer, CEO of Mojo. “As an independent, we have the ability to drive change -- we’re elevating enterprise WiFi through the power of the cloud and open standards with a vision for creating networks that do things never seen before.”

The company is based in Mountain View, California.

http://www.mojonetworks.com

Monday, January 23, 2017

Tricentis Raises $165 Million for Software Test Automation

Tricentis, which specializes in agile market leading software testing tools for enterprises, announced $165 million in Series B financing from Insight Venture Partners, a leading global private equity and venture capital firm. Tricentis is based in Vienna, Austria and has offices worldwide.

Tricentis claims more than 400 enterprise customers – including HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange and UBS - for its Tosca suite, which achieves 10 times the test-automation efficiency of tools that employ manual scripting.

“Today’s predominately manual software testing processes fail to meet the needs of today’s Agile and DevOps initiatives, which require highly-accelerated development cycles and, at the same time, a strict accounting for the business risks associated with rapid, iterative code changes,” said Sandeep Johri, CEO of Tricentis.

https://www.tricentis.com/

Turbonomic Secures $50 Million for Hybrid Cloud Management

Turbonomic (formerly VMTurbo), which offers an autonomic performance platform for the hybrid cloud, secured an additional $50 million in financing led by General Atlantic, a leading global growth equity firm.

Turbonomic’s autonomic performance platform for the hybrid cloud enables environments to self-manage to assure performance of any application.  Turbonomic’s patented autonomic decision engine dynamically matches application demand with infrastructure supply in real time, to maintain environments in a healthy state.

Turbonomic said it is helping customers to manage 2.9 million dynamic workloads in real-time, improving application performance while reducing costs – not only in their on-premises data centers, but also in their public, private, and hybrid clouds – managing both legacy and cloud-native applications.

For the latest funding round, General Atlantic joined existing investors Bain Capital Ventures, Highland Capital, Globespan, and Iconiq. Gary Reiner, former Chief Information Officer of General Electric and current Operating Partner of General Atlantic, will join the company’s Board of Directors.

“General Atlantic is a world-class investment firm, and Gary Reiner is a world-class IT leader and strategist,” said Bill Veghte, Executive Chairman of Turbonomic. “Their investment and participation is a tribute to the progress the company is making and the opportunity in front of us to dramatically improve IT efficiency and experience. We’re thrilled to have Gary on board to help us grow and scale.”

http://www.turbonomic.com

Wednesday, January 18, 2017

Aviatrix Raises $15 Million for Hybrid Cloud

Aviatrix Systems, a start-up based in Santa Clara, California, raised $15 million in Series B funding for its hybrid cloud networking solutions.

Aviatrix provides a centralized controller and lightweight gateway software that simplifies the creation, deletion, and management of hybrid cloud networks. Enterprises use Aviatrix to create scalable and secure interconnections across multiple private data centers and public cloud regions. Aviatrix can also support cloud-native environments and multi-cloud architectures by enabling interconnections between different public cloud providers.

The oversubscribed round, which brings the company’s total funding to $25 million, was led by new investor CRV and joined by existing investors Formation 8 and Ignition Partners.

“Aviatrix’s disruptive vision is to make hybrid cloud networking as simple, dynamic, and elastic as compute and storage,” said Steven Mih, CEO of Aviatrix. “This is an exciting time for Aviatrix, as we expand on the success of our one-click hybrid cloud networking solution which helps our customers simplify and accelerate migration of their applications to the cloud. We look forward to working with our financial partners and advisory board to further develop our business and continue to bring meaningful cloud networking products to market.”

http://www.aviatrix.com

See also