Israeli startup Velostrata, which provides on-demand hybrid cloud software, today announced that it has raised $14 million in Series A funding. The investment was led by Norwest Venture Partners and Greylock IL (83North). The company plans to use the funding to further develop the product and expand sales, marketing and support teams in North America and Europe.
Also today, Velostrata has come out of stealth and announced the industry’s first real-time hybrid cloud solution that streams production workloads to and from the cloud in minutes.
Headquartered in San Jose, California with R&D in Israel, Velostrata was founded in 2014 by CEO Issy Ben-Shaul, and Chief Product Officer Ady Degany. Their vision was to enable real-time streaming of any workload to and from the cloud without the risk, cost, time or complexity associated with migrating storage. The Ben-Shaul was CTO and co-founder of Actona, a WAN optimization company acquired by Cisco in 2004 and he later co-founded Wanova, a desktop virtualization company, acquired by VMware in 2012. Degany most recently led product marketing at StorSimple, a storage gateway company acquired by Microsoft in 2012. Prior to StorSimple, he was responsible for product strategy and direction at Wanova.
Velostrata says it has developed the only software solution that enables on-demand hybrid cloud for production workloads. Velostrata’s patent-pending technology decouples compute from storage, enabling enterprises to stream production workloads to and from the cloud in minutes, leave the storage on-premises and optimize performance end-to-end. With Velostrata, no changes to the applications, images or storage are required, the same tools and processes can be used to manage existing workloads, and moving workloads to and from the cloud is as simple as clicking a button. Enabling on-demand hybrid cloud for production workloads is finally low-risk, cost-effective, fast and simple.
Ben-Shaul said, “The feedback we’ve received from enterprises in our early adopter program has been tremendous and further establishes that our approach to enabling on-demand hybrid cloud for production workloads is unique in the industry."
He added, "Our vision for Velostrata is to enable frictionless hybrid clouds for any workload in real time. 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. At Velostrata, we have developed a breakthrough technology that eliminates those barriers and our unique approach has already transformed the hybrid cloud strategy for our large enterprise users.”
Norwest Venture Partners general partner Dror Nahumi said, “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. 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 provides an innovative hybrid cloud approach that eliminates all these challenges and empowers CIOs to accelerate the migration quest using an evolutionary, secure, and highly cost effective platform.”
Greylock IL (83North) partner Yoram Snir said, “Velostrata’s approach of leaving the data on-premises while using the public cloud compute resources de-risks the move to hybrid cloud architecture for enterprise customers while optimizing performance end-to-end. This opens the floodgates for hybrid cloud adoption.”
Published by Globes [online], Israel business news - www.globes-online.com - on August 26, 2015
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