Israeli software company
Velostrata has received a $14 million investment. Founded in 2014, Velostrata has headquarters in San Jose, California, USA alongside development facilities in Israel. The company specializes in hybrid cloud software that enables users to use private and cloud computing infrastructures in tandem. It recently launched a new real-time hybrid cloud solution.
Money for the latest round of investment was provided by Canadian investment company 83North and Palo Alto, California-based Norwest Venture Partners. The money will be used to pay for new staff in North America and Europe, including sales and marketing personnel. Velostrata's hybrid cloud solution facilitates transfer processes between computer systems, radically shortening process times. Although it is still officially in beta, it has been successfully used in trials with large companies in the United States and is poised for launch.
“Our vision for Velostrata is to enable frictionless hybrid clouds for any workload in real time,” explained Velostrata's co-founder and CEO Issy Ben-Shaul. “Today, hybrid cloud deployments have largely been limited to corner-cases, because there are just far too many barriers involved for general-purpose use, and in particular, customers don’t want to move their large production data assets permanently to the cloud. At Velostrata, we have developed a breakthrough technology that eliminates those barriers and our unique approach has already transformed the hybrid cloud strategy for our large enterprise users.”
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