Velostrata, a San Jose, California-based provider of on-demand hybrid cloud software, raised $14m in Series A funding.
The round was led by Norwest Venture Partners and Greylock IL Partners (83North).
The company plans to use the funds to further develop the product roadmap and build out its sales, marketing and support teams in North America and Europe.
Founded in 2014 by Issy Ben-Shaul, CEO, and Ady Degany, chief product officer, Velostrata enables real-time streaming of any workload to and from the cloud without the complexity associated with migrating storage.
Its patent-pending technology decouples compute from storage, enabling enterprises to stream production workloads to and from the cloud in minutes, leave the storage on-premises and optimize performance end-to-end.
The company has R&D in Israel.
FinSMEs
26/08/2015