Cloud Computing: Ravello Systems raises $28 million and announces major release of HVX
January 27, 2015
Grazed from CloudComputingInfo. Author: Paola Cornacchiola.
Cloud computing startup called Ravello Systems announces to have secured $28 million funding and to have boost a total of $54 million capital led by Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and SanDisk Corporation through SanDisk Ventures. Among the investors that participated in this funding round: Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners.
Ravello Systems Founded in 2011 by the team that created the KVM hypervisor at Qumranet (now part of Red Hat) which is now emerging among enterprises as the third virtualization platform of choice. The company went into public beta in February 2013 and GA in August 2013…
A part from the funding, Ravello also announced the release of a major version of its nested virtualization technology, HVX, currently delivered as a service…
Read more from the source @ http://cloudcomputing.info/en/news/2015/01/ravello-systems-raises-28-million-and-releases-next-evolution-of-nested-virtualization.html