Xtium is a cloud-hosting company based in King of Prussia, Pennsylvania. The company offers cloud-hosting services. According to an SEC filing, Xtium recently raised $2 million. That funding follows an $11.5 million Series A last year led by Boston-based OpenView Ventures. The article does not detail investors for the $2M raise or describe the instrument used. No operating metrics or future plans were disclosed in the article. Xtium provides virtual private cloud services to businesses and is led by co-founder and president Peter B. Ritz. Its portfolio includes virtual disaster recovery, virtual hosting, virtual desktop infrastructure, smart connectivity and network/user-experience acceleration. The company intends to use the Series A proceeds to scale sales and marketing, further build out the team, expand the partnership ecosystem and accelerate adoption of its flagship virtual private cloud services. The recent $11.5m raise will fund those go-to-market and product expansion efforts. In conjunction with the funding, Scott Maxwell of OpenView Venture Partners will join Xtium’s board. Xtium is based in Wilmington, Delaware.

Total raised

$14M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2012