Virtustream provides enterprise-class cloud solutions including xStream cloud management software and the Virtustream Cloud IaaS, engineered (µVM technology) to run complex, mission‑critical applications such as SAP. Its platform is certified to deploy the full line of SAP business applications and was named a flagship partner in SAP’s HANA Enterprise Cloud. The company offers private, public and hybrid cloud deployments and backs solutions with professional services for design, migration and management. Virtustream owns data centers in the U.S. and EMEA and maintains offices in Washington DC, San Francisco, Atlanta, London and Dubai. The company emphasizes enterprise-grade security, compliance, multi-tenant efficiency, performance SLAs and consumption-based charging. It recently closed a $40 million Series D led by SAP and will use proceeds to add IaaS capacity and accelerate xStream development. Virtustream offers enterprise-class cloud solutions including xStream, a cloud management platform for private/public/hybrid clouds, and the Virtustream Cloud, a secure, high-availability IaaS with performance SLAs for mission-critical applications such as SAP, Oracle, and Microsoft. The company provides professional services to design, migrate, and manage customer clouds and supports complex production workloads. Virtustream owns data centers in the U.S. and EMEA, operates an international Cloud Exchange called SpotCloud®, and maintains offices across North America, Europe, and the Middle East. Headquartered in Bethesda, Maryland, Virtustream serves enterprises, governments, and service providers worldwide through direct operations and regional partners. The company is pursuing product enhancements and geographic and vertical expansion to meet escalating enterprise cloud demand. Recent financing was secured to accelerate these product and market expansion plans. Virtustream offers strategy, integration and managed services built around virtualization technologies and its xStream cloud provisioning platform. xStream enables enterprise customers to access highly elastic cloud computing resources on a consumption-based pricing model similar to Amazon EC2. The company targets management of private, virtual private, public and hybrid cloud environments. Virtustream plans to use the new funding for product development of xStream and to expand its geographic coverage. The company intends to enhance xStream with cloud federation and cloud exchange capabilities to combine private clouds, virtual private clouds and public clouds. The article reports a recent $15 million financing, bringing the company’s total funding to $75 million. Virtustream offers strategy, integration and managed services built on virtualization technologies and sells xStream, its cloud provisioning platform. xStream enables enterprise customers to access highly elastic cloud computing resources on a consumption-based pricing model similar to Amazon EC2. The company plans to productize xStream into a distributable "cloud O/S" software product. Virtustream will use new funding for branding, marketing and advertising and to expand market presence in San Francisco and London. The firm recently raised additional capital, bringing its total funding to date to $59 million. The proceeds are intended to support productization and commercial expansion initiatives. Virtustream provides infrastructure services built around its xStream hybrid enterprise cloud platform, which guarantees compute resources across aggregate client workloads whether hosted in the company’s data center or on a customer’s premises. The xStream platform, introduced in March, is positioned as the first hybrid enterprise cloud platform with guaranteed compute resources and is based on the company’s more than nine years of virtualization experience. Virtustream says xStream increases operational efficiency and improves business continuity, typically delivering a 40–60% ROI without employee headcount reduction. The company plans to use recent financing to support continued development of its infrastructure and to expand the xStream platform. Virtustream maintains offices in Washington, D.C., London, Dublin and the Channel Islands. The product- and operations-focused description in the articles emphasizes platform performance and expansion rather than specific revenue or user metrics.

Total raised

$130M

Funding rounds

6

Latest round

Series D

Latest activity

Sep 2013