CloudVelocity Raises $13 Million In Series B Funding
CloudVelocity is a startup that has raised $13 million in a Series B round of funding. The company has raised a total of $18 million. This round of funding was led by Third Point Ventures. Pelion Venture Partners and previous investor Mayfield Fund also participated in this round. The company plans on using the funding to accelerate their growth.
The company was founded by experts in the distributed systems, storage, and virtualization field. CloudVelocity recently emerged out of stealth mode in December 2012. CloudVelocity released the One Hybrid Cloud software recently. One Hybrid Cloud is known for making Amazon Web Services (AWS) a secure and seamless extension of enterprise data centers. One Hybrid Cloud lets enterprises run their existing and new Linux and Windows multi-tier and multi-system apps without modification in the AWS cloud.
“Today’s solutions for migrating existing apps into the cloud fall short for most enterprise apps,” stated CloudVelocity chief executive officer Rajeev Chawla. “We automate five sets of critical processes and extend authentication and other network services into the cloud, making the cloud a seamless extension of the data center. Our goal is to accelerate the migration of enterprise apps into the cloud and to drive higher levels of agility, protection and scale for apps trapped in the data center today. We are excited to have Third Point Ventures and Pelion Venture Partners join Mayfield Fund as investors, as we work together to address the massive market opportunity in enterprise cloud computing.”
CloudVelocity is the first company to deliver automated cloud migration and disaster recovery software.