Cloud Computing Startups Raise Big Money: UPDATE 3

Cloud Computing Startups Raise Big Money: UPDATE 3

This is the fourth in a continuing series on startups raising funding. You can read the first three in the series here:

1. Cloud Computing Startups Raise Big Money: UPDATE 2
2. Cloud Computing Startups Raise Big Money: UPDATE 1
3. Cloud Computing Startups Raise Big Money

Today, there are two startups in focus – VMTurbo and ServiceMesh.

VM Turbo

VMTurbo (http://www.vmturbo.com/)

Massachusetts-based VMTurbo announced recently that it has closed a $10 million B-round of funding, financed by returning investors Bain Capital Ventures and Highland Capital Partners, bringing total capital raised to $17.5 million. It plans to use the funds for product development, customer support, sales and marketing.

The company, founded in 2008 by EMC and IBM veteran Shmuel Kliger and included by research firm Gartner in its “Cool Vendors in Cloud Management, 2011 report, describes its work as providing “intelligent workload management for cloud and virtualized environments”. Its customers include cloud service providers and enterprises such as British Telecom, Omnicare and L-3 Communications.

Bain Capital Investments and Highland Capital Partners have been great partners. We are pleased that they are investing in VMTurbo’s next growth wave,” said VMTurbo president and CEO Lou Shipley.

VMTurbo is emerging as the leader in automating the management of virtualized cloud infrastructures. Both service providers and enterprises are embracing VMTurbo’s platform to realize the compelling ROI that cloud computing can provide,” said Peter Bell, General Partner at Highland Capital Partners.

Customers are finding that VMTurbo’s unique solution is the only holistic means of managing all resources in virtualized environments. These businesses depend on their Applications, and their applications depend on VMTurbo,” said Ben Nye, Managing Director at Bain Capital.

ServiceMesh (http://www.servicemesh.com/)

Silicon valley cloud computing startup ServiceMesh recently announced a $15 initial round of funding through Ignition Partners. The company intends to use the funds to scale up business and explore new partnerships.

ServiceMesh describes itself as providing “an enterprise cloud platform that’s the bridge between cloud computing technology and real enterprise business value……. to implement cloud-based “everything-as-a-service” IT delivery models that span internal and external IaaS, PaaS, and SaaS providers to provide quantum improvements in business agility and operating costs.”

Former Citrix executive and current Ignition partner Frank Artale, who will be joining the ServiceMesh Board, commented, “We see an immediate market opportunity for ServiceMesh in businesses of all sizes, including the largest enterprises and governments, because ServiceMesh is the only way to ensure that these organizations achieve significant business value from their cloud investment.”

The investment community now recognizes that we are at the beginning of a massive and long-term transition to a cloud operating model,” said Eric Pulier, CEO of ServiceMesh. “But enterprises must be able to turn raw technology into business value. The ServiceMesh Agility Platform provides the unique missing link by bringing business IT services directly to users while at the same time keeping the environment safe and controlled. With this round of funding, Ignition Partners has affirmed ServiceMesh as a leading player in this rapidly expanding market.”

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

3 Responses to Cloud Computing Startups Raise Big Money: UPDATE 3

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery  Business downtime can be detrimental without a proper disaster recovery plan in place. Only 6% of businesses that experience downtime without a plan will survive long term. Less than half of all businesses that experience a disaster are likely to reopen their doors. There are many causes of data loss and…

Cloud Computing Offers Key Benefits For Small, Medium Businesses

Cloud Computing Offers Key Benefits For Small, Medium Businesses

A growing number of small and medium businesses in the United States rely on as a means of deploying mission-critical software products. Prior to the advent of cloud-based products — software solutions delivered over the Internet – companies were often forced to invest in servers and other products to run software and store data. The…

Cloud Infographic – Interesting Big Data Facts

Cloud Infographic – Interesting Big Data Facts

Interesting Big Data Facts You Didn’t Know The term Big Data has been buzzing around tech circles for a few years now. So much, in fact, that you’re probably getting sick of hearing about it. Here are some interesting facts you might not know about big data via The Visual Capitalist: Big Data got its start in…

PaaS And IaaS: Rising Champions Of Cloud Computing

PaaS And IaaS: Rising Champions Of Cloud Computing

PaaS and IaaS: Rising Champions of Cloud Computing In the cloud conversation, Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) appear much less than the famed Software as a Service (SaaS). This is not surprising when you consider that a world already populated with built platforms and infrastructure has but to operate…

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future of Work: What Cloud Technology Has Allowed Us to Do Better The cloud has made our working lives easier, with everything from virtually unlimited email storage to access-from-anywhere enterprise resource planning (ERP) systems. It’s no wonder the 2013 cloud computing research IDG survey revealed at least 84 percent of the companies surveyed run at…

CONNECT TO THE CLOUD

 

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Branded Content Programs

Advertising