Utah-based IT startup Adaptive Computing has raised $14 million in Series A funding led by Intel Capital with Tudor Ventures and EPIC Ventures participating in the rounds. This is Adaptive Computing’s first round of funding, after nine years of profitability, says the company.
Adaptive Computing’s software, Moab, helps companies manage complex cloud computing environments. Moab consolidates and virtualizes resources, allocates and manages applications, improves service levels, and helps reduces operational costs.
Adaptive Computing, which was previously known as Cluster Resources, is used by IBM, Hewlett-Packard and others as a way to manage data centers and the cloud. In addition, the company’s software offerings are used by Yahoo and government entities such as the U.S. departments of Defense and Energy.