California-headquartered Velostrata that develops hybrid cloud software
to stream production workloads to and from the cloud while keeping storage and boot images on-premises, has announced $17.5 million in Series B funding led by strategic investor Intel Capital
, with participation from existing investors Norwest Venture Partners
and 83 North
which was formerly known as Greylock IL.
The fresh flow of funds, said Velostrata, will be used for product development and accelerate growth, particularly within the mid-to-large enterprise market. According to the company website, Velostrata eyes to ease cloud workload mobility and claims to addresses migration of both compute and storage and de-risks the entire process of moving to the cloud for users without fearing about downtime, logistics or cost.
It also aims to strengthen enterprise cloud adoption with Velostrata 2.0, its newest offering, with additional support for Microsoft Azure
, complementing existing AWS
support and providing multi-cloud flexibility and anti lock-in. Reportedly, Velostrata’s software for Dev/Tests
decouples compute from storage without sacrificing performance while it’s streaming and caching features allow applications to be operational in the public cloud within minutes and storage is migrated in the background. It leverages patent-pending technologies like intelligent streaming, WAN and storage optimization, multi-tier caching, and data pre-fetching capabilities to keep apps running. Another feature, vouched as ‘Smart Migration
’, is apparently agentless, and is ideal for workloads like ERP, Collaboration, Middleware, OLTP, Oracle and MS-SQL databases, says the company.
The proposed benefits by Smart Migration includes:
- Improved Business Agility: Migrate compute in minutes while intelligently streaming data in the background, enable workload mobility across cloud regions without the need to move storage, and support dev/test projects on demand, without inflating storage requirements on-premises
- Reduced Costs: Eliminate data centers by migrating enterprise applications to the public cloud; reduce opex costs by simplifying and accelerating the migration process.
- Improve Operational Efficiency: Leverage the same in house management tools and processes currently in use. Simplify movement of complex multi-tier applications using Velostrata Runbook Automation, allowing for mass operations with scheduled orchestration.
- Mitigated Security and Compliance Risks: Gain full control over where data resides (on-premises, in the public cloud or some combination), as data is encrypted in motion and at rest.
Issy Ben-Shaul, CEO and Co-Founder, Velostrata, said:
“As enterprises race to keep pace with the demands of the modern and rapidly changing business, IT’s ability to leverage the trust, control and reliability of private cloud along with the simplicity, affordability and flexibility of the public cloud is increasingly important.”
“That’s why the attention and demand for Velostrata has increased dramatically in the last year. The flexibility to move data-rich workloads from legacy environments to both private and public cloud is a challenge for most enterprise IT departments, and Velostrata is mitigating the risks, downtime and complexity once associated. We’re delighted to welcome Intel Capital as a strategic investor, as well as Norwest Venture and 83 North as repeat investors, as we continue to eliminate boundaries around hybrid cloud computing,” Shaul added.
Founded in the year 2014, Velostrata saw its Series A funding on August, 2015 for $14 million from Norwest Venture Partners and 83north. In its nascent offerings it shares market space with companies like CloudVelox
Dror Nahumi, General Partner, Norwest Venture Partners, commented, “Storage has been the primary challenge when migrating applications to the public cloud. We are thrilled to see the progress Velostrata has made helping customers overcome this.”
While Yoram Snir, Partner, 83 North, also added, “Velostrata continues to innovate and eliminate the migration risks once associated with enterprise adoption of hybrid and public cloud computing. We are pleased to continue our support of their consistent success and dedication.”