CloudVelox Closes $15 Million in Series C Funding

SANTA CLARA, CA--(Marketwired - Feb 12, 2015) - CloudVelox, a leader in hybrid cloud disaster recovery (DR) and migration, today announced that it 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.

The Company's One Hybrid Cloud™ software platform enables 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 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 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 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."

About CloudVelox
CloudVelox is the first company to deliver an automated cloud DR and migration platform specifically developed for the unique operating demands of existing, multi-tier apps. Led by a deeply experienced team of system software and networking executives, CloudVelox gives data center teams the ability to easily protect, scale and mobilize their distributed apps and services into and between clouds, eliminating many of the major barriers to the enterprise adoption of cloud. For more information, please visit: http://www.cloudvelox.com.