Virtualization startup Virtustream has raised $10 million in Series B round financing from Intel Capital, Columbia Capital, Noro-Moseley Partners, and TDFunds. This brings the company’s total funding to $59 million.
Virtustream provides strategy, integration and managed services utilizing virtualization technologies, and xStream, the company’s cloud provisioning platform. xStream allows enterprise customer to access highly elastic cloud computing resources at a consumption-based pricing model, similar to Amazon EC2.
Virtustream plans to used the new funding to productize xStream into a distributable end “cloud O/S” software product. Virtustream will also use the funding for branding, marketing and advertising and to expand market presence in San Francisco and London.