Virtustream Secures $15 Million in Series B Venture Capital Funding


Fremont:  Enterprise cloud software and services provider,  Virtustream has secured $15 million in series B funding from their existing investors Intel Capital, Columbia Capital, Noro-Moseley Partners, TDF and a new investor QuestMark Capital. This brings the total investment of the company to $75 million. The new funds will be utilized for the development of the xStream cloud solution and to expand its geographic coverage and to support the rapid growth in the enterprise cloud market.

xStream is an enterprise?class cloud solution to manage private, virtual private, public and hybrid clouds. It is available both “as?a?service” and as a software solution for customers' clouds. It also delivers secure enterprise class clouds, with application level SLAs, supporting multiple hypervisors and uses “Micro?VM” technology providing efficiency significantly beyond traditional virtualization and enabling a consumption based pricing model. The additional solution enhancements planned for xStream will enable cloud federation and cloud exchange capabilities combining private clouds, virtual private clouds and public clouds.

Founded in 2008 Virtustream, a cloud solution provider specializing in moving complex enterprise IT environments to the cloud, is led by Rodney J. Rogers, CEO.  The company also provides enterprise cloud solutions includes Dynamic IaaS, cloud offering, SAP in cloud, Back up-as-a-service, Data center consolidation and Green IT. It supports enterprises to transform their existing assets to function in a cloud environment.