{"id":1242,"date":"2016-08-10T13:36:23","date_gmt":"2016-08-10T17:36:23","guid":{"rendered":"https:\/\/solutionsreview.com\/cloud-platforms\/?p=1242"},"modified":"2016-10-18T16:24:41","modified_gmt":"2016-10-18T20:24:41","slug":"velostrata-declares-17-5-million-series-b-funding-releases-v2-0","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/cloud-platforms\/velostrata-declares-17-5-million-series-b-funding-releases-v2-0\/","title":{"rendered":"Velostrata Declares $17.5 Million Series B Funding, Releases V2.0 Technology"},"content":{"rendered":"

\"Velostrata<\/strong>Velostrata<\/a>,\u00a0makers of innovative\u00a0cloud workload mobility technology, recently\u00a0declared<\/a> $17.5M in Series B funding led by Intel Capital<\/a>, but the good news doesn’t stop there. Velostrata also announced the release of Velostrata 2.0, a new offering\u00a0which gives a non-disruptive and low-risk approach for moving applications and their data to the cloud, both for short-term use cases like testing and development, as well for long-term migration. Velostrata’s products are know for delivering fast, affordable hybrid cloud strategies, and with help from existing investors, Norwest Venture Partners<\/a>, and 83 North<\/a>, the company hopes to gain leverage within the mid-to-large venture market.<\/p>\n
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\u201cAs enterprises race to keep pace with the demands of the modern and rapidly changing business, IT\u2019s ability to leverage the trust, control and reliability of private cloud along with the simplicity, affordability and flexibility of the public cloud is increasingly important,\u201d said Issy Ben-Shaul, CEO and co-founder of Velostrata. \u201cThat\u2019s why the attention and demand for Velostrata has increased dramatically in the last year. The flexibility to move data-rich workloads from legacy environments to both private and public cloud is a challenge for most enterprise IT departments, and Velostrata is mitigating the risks, downtime and complexity once associated. We\u2019re delighted to welcome Intel Capital as a strategic investor, as well as Norwest Venture and 83 North as repeat investors, as we continue to eliminate boundaries around hybrid cloud\u00a0computing.\u201d<\/p>\n

The intriguing aspect to Velostrata’s compute technology is that it distinctively decouples compute from storage space, rendering it possible to shift compute to the cloud in minutes. According to Velostrata, this agentless solution allows users to not have to change workload images or manage prolonged replications and complicated cutover techniques. This allows applications to be migrated to and from the general public cloud in minutes, whatever the size of the image or data online disks, with a straightforward cutover and regularity.<\/p>\n

\u201cEnterprises require a hybrid cloud strategy as the new foundation for business success,\u201d said Patrick Buddenbaum, general manager of Enterprise Cloud Solutions in Intel\u2019s Data Center Group<\/a>. \u201cVelostrata\u2019s technology helps provide portability and seamless application management across legacy, private and public cloud resources, enabling IT to optimize at any time their TCO, growth and compliance within their hybrid cloud\u00a0environment.\u201d<\/p>\n

For more on Velostrata’s newest products, visit www.Velostrata.com<\/a>, and be sure to follow us on Twitter<\/a> or Linkedin<\/a> for your cloud computing news and best practices.<\/p>\n

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The Gartner Magic Quadrant for Application Platform as a Service Report is here!<\/a><\/strong><\/p>\n