Velostrata, a San Mateo, CA-based cloud workload mobility platform, raised $17.5M in Series B funding.
The round was led by strategic investor Intel Capital, with participation from existing investors Norwest Venture Partners and 83 North.
The company intends to use the funds to accelerate growth, particularly within the mid-to-large enterprise market.
Led by Issy Ben-Shaul, CEO and co-founder, Velostrata provides software that enables customers to adopt a hybrid cloud strategy that incorporates both public and private clouds. The company’s patent-pending technology decouples compute from storage and enables moving workloads to and between clouds without re-writing applications, modifying images, degrading application performance, or changing management processes.
FinSMEs
03/08/2016