Wednesday, January 21, 2015

Ravello Raises $28M for Nested Virtualization on Public Clouds

Ravello Systems, a start-up based in Palo Alto, California, raised $28 million in third round funding for its nested virtualization powered cloud service.

Ravello, which was founded in 2011 by the team that created the KVM hypervisor, is working to simplify access to leading public clouds. Ravello enables enterprises to recreate their data center environments in the public cloud, with the ability to run VMware workloads, Android emulators and even entire OpenStack labs on AWS or Google Cloud. The company entered into a successful public beta in February 2013 and launched its nested virtualization powered cloud service product globally in August 2013.

The latest round brings the total capital raised to date by Ravello to $54 million. The funding round was led by Qualcomm Ventures and SanDisk Ventures. Existing and new investors - Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners also participated in this funding round.

“There is a clear need in the market to bridge the divide between VMware oriented virtualized data centers and public clouds like AWS and Google - and nested virtualization has clearly emerged as the right technology to achieve this,” said Rami Tamir, CEO and co-founder of Ravello Systems.

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