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Virtual Instruments Raises $27.5 Million in Series D

Total now reaching around $65 million
This is a Press Release edited by StorageNewsletter.com on 2012.09.27

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Virtual Instruments, Inc. announced $27.5 million in Series D funding.

The funding round was co-led by Next World Capital and General Catalyst Partners with continued participation from existing investor Lightspeed Venture Partners.

Virtual Instruments will use the funding to invest in product development and expand its market presence.
 
"As customers virtualise their mission-critical applications and move to the private cloud, they recognise the need for real-time, end-to-end visibility across their entire infrastructure," said John W. Thompson, CEO, Virtual Instruments. "With this additional funding, we look forward to expanding our platform to support additional technologies and virtual environments. This round of funding demonstrates the important and expanding role Virtual Instruments will play in ensuring our customers' revenue-producing and customer-facing applications' performance and availability as they migrate from physical to virtual and cloud computing environments."
 
Leading analysts have stated that the pace at which the Global 2000 are migrating mission-critical workloads to private cloud environments will accelerate over the coming year. This transition is fraught with risk and is putting ever-increasing pressure on the underlying virtual and physical systems. Ensuring that the private cloud can deliver the necessary levels of performance and availability requires new capabilities for an Infrastructure Performance Management platform that can provide visibility throughout all system layers in a multi-vendor environment.
 
With growth in its customer base across industry verticals, including financial services, healthcare, services, retail, manufacturing and overnment, Virtual Instruments is in the emerging infrastructure performance management space with its VirtualWisdom platform. It provides end-to-end visibility into real-time performance, health and utilisation metrics from throughout the open system, driving improved performance and availability while lowering the total cost of the infrastructure supporting mission-critical applications. With the ability to look across a multi-layered, multi-vendor environment, VirtualWisdom enables organisations to mitigate performance and availability risks as applications are moved to a virtualised or private cloud environment. Ultimately, this helps IT establish and maintain the service levels the business requires while driving systems level optimisation.
 
"Since we first started working with Virtual Instruments in 2010, the company's exceptionally strong team has delivered on the original promise to establish a clear leadership position in the changing IT infrastructure space," said Craig Hanson, general partner, Next World Capital. "We're proud to co-lead this new round of investment to further extend the product portfolio and build an unrivalled market presence in the Infrastructure Performance Management category."
 
"Virtual Instruments is a foundational company delivering solutions to some of the most complex IT enterprises in the world," said Hemant Taneja, MD, General Catalyst Partners. "The focus on helping clients manage the transition from physical to virtual and cloud environments is truly exciting. We are thrilled to support a very strong management team that can execute on this vision."

Read also:
Exclusive Interview With John W. Thompson
Chairman of Symantec and CEO of Virtual Instruments

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