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CloudVelocity Emerges from Stealth Mode, Announces $5 Million "A" Round Funding from Mayfield Fund, Availability of Hybrid Cloud Automation Platform

CloudVelocity, the first company dedicated to the development of hybrid cloud automation platform, announced today that it has closed $5 million in Series A funding from Mayfield Fund. CloudVelocity also announced the release of beta trial software available for public download at www.cloudvelocity.com.

The Company is using the money to accelerate the development of its hybrid cloud automation software suite (including cloud cloning, migration and cloud failover solutions). The beta trial of the Developer Edition cloud cloning software allows users to quickly and safely clone multi-tier app clusters and services, without modification into the Amazon Web Services (AWS) EC2 cloud. The beta trial of the Enterprise Edition enables users to clone, migrate and failover multi-tier apps and services into the AWS EC2 cloud.

CloudVelocity software, based on the patent-pending One Hybrid Cloud (OHC) platform, extends the enterprise data center to the public cloud, by enabling multi-tier applications to run without modification in the cloud and access services that reside in the enterprise data center.

The CloudVelocity OHC platform delivers the promise of hybrid cloud to enterprises, by allowing them to seamlessly discover, blueprint, clone, and migrate applications between data centers and public clouds. The result is full server, networking, security and storage integration with AWS, a key enterprise requirement for complex, multi-tier applications in any cloud. CloudVelocity plans to integrate other public clouds in 2013.

“Mayfield Fund has a 43-year history of successful incubations, where we partner with entrepreneurs at the idea stage and help create a company that tackles big problems and CloudVelocity is another example of this,” said Navin Chaddha, Mayfield Fund Managing Director. “We believe that CloudVelocity will have the same impact on public cloud adoption as VMware did on the adoption of server virtualization by making public clouds look like internal data centers.”

“We are pleased to work with Mayfield Fund on this monumental effort to accelerate the adoption of public clouds,” said Rajeev Chawla, chief executive officer of CloudVelocity. “Our goal is to enable enterprises to operate hybrid clouds as seamless extensions of the data center. Cloud cloning, migration and failover are our first steps in that direction.”

“The CloudVelocity Enterprise Edition software trial worked so well that we’ve chosen to use it ahead of schedule in our production environment for cloud failover. This will help ensure that our online business stays available within the AWS cloud,” commented early beta-user Nitin Shingate, VP Engineering for Lealta Media. “Because we cannot afford downtime, CloudVelocity has helped us to increase availability while also substantially reducing our expenses.”

Published Wednesday, December 12, 2012 5:11 PM by David Marshall
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