Virtana Raises $73M in Funding to Accelerate AIOps Hybrid Cloud Growth

“Since I became CEO last year, we have been focused on transforming Virtana to deliver profitable growth and accelerate hybrid cloud innovation to support our customers,” said Kash Shaikh, President and CEO at Virtana. 

With funding from Atalaya Capital Management, Elm Park Capital Management, HighBar Partners, and Benhamou Global Ventures, Virtana, a supplier of AI-driven monitoring solutions for hybrid cloud management, has secured $73 million to accelerate expansion. The investment is aimed at helping Virtana maintain its leadership in the AIOps sector and strengthen its position in the $30 billion IT operations management software market.

Global 2000 clients and partners may use Virtana’s workload capacity optimization, cost management, and performance assurance solutions to plan, execute, and manage their hybrid cloud installations.

Companies are more than ever using hybrid cloud strategies and solutions to support digital transformation initiatives, a trend spurred by the COVID-19 pandemic. Virtana’s platform would provide workload migration, cost optimization, and observability solutions for hybrid cloud infrastructure, allowing businesses to save cloud waste costs and reap the full advantages of cloud-based digital transformation initiatives.

Photo Kash Shaikh, President and CEO at Virtana.
“Since I became CEO last year, we have been focused on transforming Virtana to deliver profitable growth and accelerate hybrid cloud innovation to support our customers,” said Kash Shaikh, President and CEO at Virtana.

With additional capital and resources, Virtana would be able to accelerate its innovation and better meet the needs of customers through increased investment in product development, sales, and marketing.

“Atalaya believes that Virtana offers a suite of mission-critical products to provide differentiated solutions for its customers and channel partners,” said Josh Ufberg, Partner at Atalaya Capital Management. “We are excited to partner with Virtana and support the team’s efforts in growing its platform.”

“Virtana’s team has built a leading SaaS-based hybrid cloud management platform to monitor, optimize and migrate mission-critical infrastructure and applications for some of the largest, most complex IT environments at the forefront of digital transformation,” said Mark Schachter, Managing Partner at Elm Park Capital Management. “Kash Shaikh and the executive leadership team have a track record of building value and trust with customers, and we look forward to partnering with the team and helping drive further adoption.”

Public, Private, Hybrid, and Multi-Cloud

For managing application workloads across public, private, hybrid, and multi-cloud systems, Virtana provides a unified observability and optimization platform. The cloud-agnostic Virtana Platform overcomes the most challenging difficulties facing companies as they attempt to embrace public clouds by utilizing artificial intelligence for IT operations (AIOps) technologies such as machine learning and sophisticated data analytics.

“We are excited about this round of financing, which is an important step forward in securing the long-term success of the company as we continue to execute our strategy and position Virtana for a new phase of sustained, profitable growth and success,” said Kash Shaikh, President and CEO at Virtana. “Since I became CEO last year, we have been focused on transforming Virtana to deliver profitable growth and accelerate hybrid cloud innovation to support our customers. We appreciate the support of both customers and financial partners as well as our talented team for their continued innovation and hard work.  It is not a coincidence that in the last year alone the company won 19 technology innovation and leadership awards.”