VirtualLogix, Inc., a Sunnyvale, CA-based developer and provider of virtualization software technology for mobile products including wireless handsets, has secured an undisclosed amount of venture financing.
The round included a new investor, Progression Partners, existing venture capital investors Atlas Venture, Index Ventures and DFJ Esprit, as well as strategic investors Intel Capital, Motorola Ventures, the strategic venture capital arm of Motorola, Inc., and Texas Instruments.
The funds will be used to to accelerate the company’s growth in the mobile virtualization segment.
Currently, the VirtualLogix’s flagship product is VLX, which enables multiple operating system environments to run concurrently on shared hardware for both Intel and ARM-based solutions.
VLX delivers isolation technology and virtualization that improves power management, performance, application independence, fault tolerance and security options, which can be tailored to address specific market requirements.
This enables developers to reduce R&D costs, accelerate adoption of the latest silicon solutions, improve time to market and deliver improved mobile device security.
The company has operations in France, Japan, China, and Korea.
FinSMEs
13/01/2010