Tuesday, July 16, 2013

CloudVelocity Raises $13 Million for AWS Hybrid Cloud Migration Tool

CloudVelocity, a start-up based in Santa Clara, California, raised $13 million in Series B funding for its cloud migration software.

CloudVelocity, which emerged out of stealth mode in December 2012, has just released its One Hybrid Cloud software, which makes Amazon Web Services (AWS) a secure and seamless extension of enterprise data centers.  The automated cloud migration and disaster recovery software lets enterprises run their existing and new Linux and Windows multi-tier and multi-system apps without modification in the AWS cloud.

CloudVelocity said that unlike image or template-based tools, its software automates the entire process from discovering the constituent hosts, blueprinting of system components and configuration, provisioning of cloud resources, continuous replication and synchronization of the entire app stack (including operating system, kernel, app software stack, and app data), service initiation in the cloud site to extending infrastructure services (like LDAP and Active Directory), all with a single click.

The company also said that its plans include extending its cloud migration solution to other public cloud providers.

The new funding round, which brings the total raised by the company to date to $18 million, was led by Third Point Ventures. Pelion Venture Partners and previous investor Mayfield Fund also participated.

“Today’s solutions for migrating existing apps into the cloud fall short for most enterprise apps,” said Rajeev Chawla, chief executive officer of CloudVelocity. “We automate five sets of critical processes and extend authentication and other network services into the cloud, making the cloud a seamless extension of the data center. Our goal is to accelerate the migration of enterprise apps into the cloud and to drive higher levels of agility, protection and scale for apps trapped in the data center today. We are excited to have Third Point Ventures and Pelion Venture Partners join Mayfield Fund as investors, as we work together to address the massive market opportunity in enterprise cloud computing.”