VKernel, a provider of virtual server management and optimization solutions, has closed a USD7m series B round of funding.
VKernel, a provider of virtual server management and optimization solutions, has closed a USD7m series B round of funding.
The latest round was led by Longworth Venture Partners and joined by prior investors Hummer Winblad Venture Partners and Polaris Venture Partners.
The new funding will be used to accelerate sales, marketing, and product development efforts to capitalize on the rapidly growing server virtualization management market.
"From the start, VKernel made the decision to take a different approach to this market using a high velocity sales and marketing strategy to offer low-cost, simple-to-use products that deliver instant value," says Alex Bakman, founder and chief executive of VKernel. "As a result, we are quickly becoming a ‘go-to’ company for organizations wanting to optimize their virtual data center investments. This latest round of funding is validation of our strategy and our success to date."
The patent-pending VKernel suite of next-generation virtual server management and optimization solutions is designed to quickly solve real world data centre challenges that are impacting IT departments. VKernel leverages the virtual appliance format to instantly deploy its products for enhancing performance, lowering operational and capital costs, optimizing virtual environments of all sizes, and delivering instant ROI. Currently, VKernel supports VMware ESX and plans to support Microsoft Hyper-V, Citrix XEN, and others.
Nilanjana Bhowmik (pictured), partner at Longworth Venture Partners, and Doug McNary, the former chief executive of Onaro (acquired by NetApp in 2008) and past executive vice president at Motive and Tivoli, have joined the VKernel board of directors.
"What attracted us to VKernel was its unique go-to market strategy and innovative technology approach that addresses key needs in the high growth virtualization market," says Bhowmik. "In a short period of time, the company has not only proven that its strategy works, but has begun to differentiate and separate itself from the competition. We look forward to working with the VKernel team and supporting their efforts to make the company a resounding success."
