Submitted by virtustreamadmin on Wed, 02/02/2011 - 19:00
Bethesda, Md. - Thursday, February 3, 2011 - Virtustream, Inc., a leading provider of cloud services and next generation infrastructure solutions, today announced it has added $9.75 million to its Series A venture capital funding round, bringing the total value of the round to $49.35 million. The additional money from existing investors Columbia Capital, Intel Capital, Noro-Moseley Partners, Blue Lagoon and TDFunds will be used to expand its product offerings in response to continued demand for cloud computing.
The additional funding will be used to enable new channel focused offerings in support of Virtustream’s high-growth enterprise cloud business and for continued innovation supporting its next generation of hypervisor-independent cloud provisioning solutions. In March 2010, Virtustream introduced xStream, a dynamic cloud platform capable of supporting on-premise, off-premise or hybrid multi-tenanted cloud deployments. Based on Virtustream’s long track record managing virtual environments and enterprise applications in the cloud, xStream is highly flexible, secure and provides industry-leading SLAs.
Virtustream (www.virtustream.com) is an innovative cloud provisioning firm committed to delivering next generation infrastructure services to enterprise class customers. We leverage our secure high performance platform, xStream, to deliver highly available and elastic compute resources at true consumption-based pricing. Our Cloud Services are led with Professional Services expertise in the areas of cloud adoption, migration and architecture strategies and infrastructure related integration services. We provide ongoing support for our Cloud Services with an Application Services group that offers a managed service from core infrastructure through enterprise applications. Virtustream owns and operates its own data centers in the U.S. and U.K., and has offices in Washington, D.C., New York, San Francisco, Atlanta, London, Dublin and the Channel Islands. Follow us on Twitter: www.twitter.com/Virtustream360.