CloudVelox, a provider of hybrid cloud disaster recovery (DR) and migration solutions, has closed $15 million in Series C funding, bringing the total raised to $33 million. Cisco Investments participated as a strategic investor along with previous investors Mayfield Fund, Pelion Venture Partners and Third Point Ventures. CloudVelox plans to use the funding to build out sales and marketing and further expand its product development efforts.
CloudVelox ‘s One Hybrid Cloud software platform would enable seamless mobility of application workloads across data centers and clouds for hybrid cloud use cases, including Pilot Light DR and cloud migration.
Pilot Light DR involves the use of public cloud as a secondary data center. In the event of an outage, the stored environment in the cloud can be “ignited” into production on a pay-as-needed basis. Testing and migration between the premise and the cloud is highly automated. Benefits would include substantial reductions in DR costs with heightened trust in DR environments.
CloudVelox cloud migration involves the automation of critical cloud migration processes, including discovery, blueprinting and provisioning of workloads from the data center into the cloud. Benefits would include faster and lower cost cloud migrations.
“This is a key milestone for CloudVelox, which supports our view of the market for hybrid cloud automation software,” said Rajeev Chawla, Chief Executive Officer (CEO) of CloudVelox. “The funding will help us to continue our product leadership while scaling our teams and resources for growing market demands for automated cloud DR and migration.”
Morgan Van Wely, senior director of IT at Impinj, a CloudVelox customer, said, “CloudVelox reduced our expenses while making it much easier for us to actually use and test our environment in AWS. They have built an outstanding product that has greatly increased our trust in our hybrid cloud environment.”