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