GreenBytes, Inc., a developer of full-featured virtual desktop solutions that
uniquely support existing infrastructure, today announced that it has raised an
additional $7 million in Series C funding from Generation Investment Management
LLP and Battery Ventures. GreenBytes will utilize the funding to continue the
expansion and acceleration of global sales, marketing and partner development
efforts, and for ongoing research and development of its patented zero latency
inline deduplication technology found exclusively in the company's award-winning
IO Offload Engine and vIO solutions for desktop virtualization.
"GreenBytes has experienced explosive growth and intense interest from the
rapidly expanding desktop virtualization market whilst garnering extraordinary
praise as the first-mover in the flash-optimized virtual storage appliance
market," said Steve O'Donnell, chairman and CEO, GreenBytes. "We have been
gaining incredible momentum with customers, resellers and strategic OEM
partners, and this additional funding enables us to step up sales and marketing
programs as we expand our solution into additional global territories and
experience deeper market penetration."
GreenBytes' IO-Offload desktop virtualization solutions are the simplest and
most cost-effective way for IT, service providers and OEMs to deliver
ecosystem-agnostic, full-featured virtual desktops, from departmental to
cloud-scale, in minutes. With GreenBytes' patented zero latency inline
deduplication technology, IT is able to deliver the superior virtual desktop
experience that users demand, all with 97% less storage space required, and with
the manageability, scalability and affordability required for cloud-scale VDI
deployments. GreenBytes' IO-Offload desktop virtualization solutions include the
IO Offload Engine, a hardware appliance, and the vIO, a virtual storage
appliance.
"With groundbreaking, patented technology perfectly suited for cloud-based
and enterprise desktop virtualization, we recognized a significant market
opportunity when we joined the investment team during GreenBytes' previous round
of funding," said Colin le Duc, partner, Generation Investment Management.
"Desktop virtualization adoption is clearly picking up speed and GreenBytes is
already playing a key role in this market, evidenced by the company's advanced
market position. We are impressed with the outstanding progress that GreenBytes
continues to make, and with the recent expansion of the executive management
team, GreenBytes has further solidified its outstanding leadership team who are
poised to take the company to the next level."
"We invested in GreenBytes early on, and it's been rewarding to observe and
support the company's continued growth and traction with enterprises, OEMs and
service provider partners," said Tom Crotty, general partner, Battery Ventures.
"The company's patented inline deduplication technology solves the cost,
performance and user experience problems that had served as roadblocks by
antiquated, legacy VDI solutions. GreenBytes is leading the way as an innovator
in a growing space, and we look forward to continued momentum."