Virsto Software, a virtual machines storage company, has raised $12 million in Series B venture capital funding led by InterWest Partners with August Capital and Canaan Partners also participating in the round. This investment brings Virsto’s total funding to $19 million.
Virsto develops an hypervisor-based storage solution that can anticipate the evolving demands, barriers and opportunities native to server virtualization. Virsto One is architected to be storage- and hypervisor-agnostic and allows users to virtualize storage-intensive workloads, maximize consolidation of server and storage hardware, reduce storage management complexity and eventually reduce overall storage costs.
Virsto says that its software helps enterprise, private and public cloud customers reap the benefits of server and desktop virtualization, increasing performance while lowering storage costs.
In addition, Virsto is also announcing its acquisition of EvoStor, a company that specializes in storage virtualization technology for VMware environments. Financial terms of the deal were not disclosed.
The funding will be used to drive new growth, product development and expand partnerships.