Monday, June 20, 2011

ScaleXtreme Raises $11 Million for Cloud Management System

ScaleXtreme, a start-up based in Palo Alto, California, raised $11 million in Series B funding for its cloud-based systems management.

ScaleXtreme's system management service helps simplify Amazon EC2, VMware virtual machine and physical server deployments.

The new funding was led by Ignition Partners with participation from previous investor, Accel Partners.

"There is a dramatic shift going on in the computing industry with the advent of virtualization and public cloud computing – and with this, there is a significant opportunity for some company to transform the management of the new computing landscape. We look forward to partnering with Ignition and Accel to take advantage of this significant market opportunity," said Mulchandani, CEO of ScaleXtreme.

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