• Intel Capital and Others Put $10 Million In Virtualization Infrastructure Startup Virtustream

    Thursday, July 7th, 2011

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    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.

    Company: Virtustream
    Website: virtustream.com
    Launch Date: 2008
    Funding: $50.4M

    Virtustream, Inc. is a cloud innovator offering enterprise-class cloud solutions for enterprises, governments and service providers. Virtustream simplifies moving complex IT to the cloud - whether private, public or hybrid – delivering the full economic and business benefits of the cloud and virtualization. Virtustream offers xStream, a secure, high performance cloud solution, providing high availability, highly secure enterprise-class clouds, with application level SLAs. xStream is available both as a software solution for existing data centers/clouds and also as...

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