CloudByte raises $2.1 Million in Series A Funding
Date: Sunday , July 01, 2012
CloudByte, California based startup, has raised $2.1 million in series A funding led by Nexus Venture Partners along with Kae Capital. The funding will be used to expand its sales both in the U.S. and Asia markets and for ongoing product development.
Founded a year ago by a team of senior technology professionals, Srivibhan Balaram, Felix Xavier, Umasankar Mukkara, Shailesh Bam, and Sunil Navalgi, who have extensive experience at various global organizations, and with a background in creating, developing and managing products in cloud storage and security technology areas, CloudByte builds the next generation of storage virtualization solutions.
Srivibhavan Balaram, Founder & CEO, CloudByte, says, "Storage virtualization is far behind server virtualization in terms of delivery security, predictable performance and high utilization in manageable and cost effective manner. Our solution bridges this gap by delivering full-functionality storage virtualization so that enterprises and cloud service providers can reap the full benefits of virtualization data center." Balaram has over 25 years of industry experience and has spent over 5 years working in the U.S. with MNCs. He was also part of the founding team of Novell India.
With a strong development team based out of Bangalore, CloudByte has already filed several patents and has a number of pilot projects underway with leading cloud service providers, enterprises, and storage resellers. The company also provides service providers and enterprises a carrier grade multi-tenant storage solution with predictable performance, secure isolation, and ease of administration, based on open standards and at an affordable price point.
Headquartered in San Mateo, California, the company produces software solution that helps customers save significant cost through the next generation of storage virtualization that delivers high utilization, predictable storage performance with full isolation and security. It runs on industry standard hardware and allows cloud service providers and enterprises.