VMTurbo is a Boston, MA-based company that provides a real-time demand-driven control platform for the software-defined universe. Its platform enables customers to manage cloud and enterprise virtualization environments to assure application performance while maximizing resource utilization. The technology dynamically analyzes demand from applications, containers, network and VDI and adjusts configuration, resource allocation and workload placement to meet service levels and business goals. Launched in August 2010, the company has more than 1,000 customers including JP Morgan Chase, Salesforce.com and Thomson Reuters. VMTurbo raised $50M in a Series D and intends to use the funds for continued new product development and growth. Leadership includes Founder and President Shmuel Kliger and CEO Ben Nye. VMTurbo offers the Operations Manager software-defined control platform that uses an Economic Scheduling Engine to dynamically adjust configuration, resource allocation and workload placement to meet service levels. The platform launched in August 2010 and, according to the company, has been deployed by more than 9,000 cloud service providers and enterprises worldwide. VMTurbo says it delivers automated decision-making to maintain desired IT states, reducing operational and capital costs for customers. Recent momentum includes over 150% year‑over‑year Q1 revenue growth and tripling its number of customers in the past year, alongside strategic partnerships with VCE and NetApp. The company also expanded in the service provider market with customers such as IDC Frontier and KPN, and announced two patents related to its economic abstractions and operations management. Management plans to use the new funding to accelerate sales and marketing, continue product innovation, and drive global expansion, supported by a new VP of worldwide sales appointment. VMTurbo offers a virtualization management solution that combines real-time operational performance metrics with analytics to drive workload management actions. The product is designed to assure application performance while maximizing efficient use of virtualized and cloud environments. Customers include cloud service providers and enterprises such as British Telecom, Omnicare and L-3 Communications. The company is led by president and CEO Lou Shipley and was founded in 2009. VMTurbo plans to use the new funding to expand product development, customer support, sales and marketing. The company is based in Waltham, Massachusetts.

Total raised

$60M

Funding rounds

3

Latest round

Series D

Latest activity

Jan 2015