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CloudVelocity Raised $13 Million …

Total at $18 million

CloudVelocity Software has closed $13 million in Series B funding, bringing the total raised to $18 million.

This oversubscribed round was led by Third Point Ventures LP, Pelion Venture Partners and previous investor Mayfield Fund also participated.

CloudVelocity plans to use the funding to further accelerate its roadmap and growth.

CloudVelocity was founded by a team of experts in distributed systems, storage, virtualization and networking in 2010 and emerged out of stealth mode in December 2012.

The company released its One Hybrid Cloud Software which makes Amazon Web Services (AWS) a secure and seamless extension of enterprise data centers and lets enterprises run their existing and new Linux and Windows multi-tier and multi-system apps without modification in the AWS cloud.

"Today’s solutions for migrating existing apps into the cloud fall short for most enterprise apps," said Rajeev Chawla, CEO, CloudVelocity. "We automate five sets of critical processes and extend authentication and other network services into the cloud, making the cloud a seamless extension of the data center.

"Our goal is to accelerate the migration of enterprise apps into the cloud and to drive higher levels of agility, protection and scale for apps trapped in the data center today. We are excited to have Third Point Ventures and Pelion Venture Partners join Mayfield Fund as investors, as we work together to address the massive market opportunity in enterprise cloud computing.

"We believe that enterprises are highly motivated to leverage cloud economics and features but have been slowed by persistent obstacles."

"We spoke with numerous CloudVelocity customers, target customers, partners and other industry participants as a part of our lengthy due diligence process," said Robert Schwartz, managing partner at Third Point Ventures and a member of CloudVelocity’s board. "The comment we heard consistently was that CloudVelocity was introducing a much needed, massively disruptive yet simple to deploy solution that would accelerate enterprise cloud adoption. That is why we’re excited to partner with CloudVelocity."

"The hybrid cloud operating model is revolutionizing the enterprise, and CloudVelocity is well-positioned as the migration and integration solution of choice," said Navin Chaddha, MD of Mayfield Fund and a member of CloudVelocity’s board. "Since their debut in December, CloudVelocity has proven out their technology platform in production environments and established momentum among customers and partners."

Read also:
CloudVelocity, Out of Stealth Mode, Got $5 Million Round Funding
Launching hybrid cloud platform with server, networking, security and storage integration with AWS

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