Software Company Velostrata Celebrates its Hybrid Cloud Solution with a $14 Million Round
One of the more interesting subfields of cloud tech these days is the subject of hybrid cloud software, tying together private computing systems to commercial ones.The hybrid cloud would enable companies to enjoy the benefits of their already-existing infrastructure as well as the wider public system. Velostrata, an Israeli company that has been working incognito for some time, is developing a hybrid cloud solution that works in real-time. The company announced Wednesday that they had completed a $14 million funding round in Series A with participation by Norwest Venture Partners and 83North.
Workload Transfers within Minutes
The company says their new hybrid cloud solution smooths out the transfer process between systems and shortens the process to a matter of minutes for big projects. The company’s product, still in beta but soon to launch, has already been tried successfully by a number of large conglomerates in the US.
“Today, hybrid cloud deployments have largely been limited to corner-cases, because there are just far too many barriers involved for general-purpose use, and in particular, customers don’t want to move their large production data assets permanently to the cloud,” CEO Issy Ben-Shaul said in a press release, calling their new solution “frictionless.”
According to the company, the solution is the only one that enables hybrid cloud architecture on demand for core enterprise applications with no need to modify programs, OS, location data or storage. Members of the organization would be able to continue to use those same tools and applications to manage their computing systems, and transfers to the cloud can be done with a simple touch of the button.
“Every CIO is being asked by the management team and board to migrate enterprise infrastructure to the cloud, yet a mere fraction of IT spending goes toward cloud services,” said Dror Nahumi, general partner, Norwest Venture Partners. “Adoption is low because current cloud migration technologies are plagued by challenges like security and compliance risks, cost, migration time, complexity and vendor lock-in.”
Velostrata was established in 2014 by two startup veterans: CEO Issy Ben-Shaul, and Chief Product Officer (CPO) Ady Degany. Ben-Shaul also served as CEO and partner at Actona (a network optimization company acquired by Cisco), before launching Wanova, which is now owned by VMWare. Dagani, a senior engineer with Actona and Senior VP for product at Wanova, was until recently CPO at StorSimple, which was acquired by Microsoft.
The company’s offices are located in San Jose, California with a development center in Israel. The company plans to use the new funds to build new sales, marketing and support teams in North America and Europe.
Translation by Gedalyah Reback
Photo Credit: Velostrata