Virtualization Technology News and Information
Article
RSS
CloudPhysics Raises $10 Million in Funding Led by Kleiner Perkins Caufield & Byers to Bring Collective Intelligence to VMware Customers

CloudPhysics, who provides intelligent operations management for virtualized workloads, today announced that it has closed $10 million in Series B funding led by Kleiner Perkins Caufield & Byers. Previous investors the Mayfield Fund, Mark Leslie, Peter Wagner, Carl Waldspurger, Nigel Stokes, Matt Ocko and VMware co-founders also participated in this round. CloudPhysics plans to use the funding to continue to fuel its growth and innovation.

CloudPhysics was founded in 2011 with the mission to continuously deliver insights to IT teams for actively managing the dynamics of their infrastructures. The company's cloud-based approach enables it to derive collective intelligence from the 80+ billion samples of operations data it receives daily from its global user base.

"Big Data applied in a highly personalized manner has delivered huge, disruptive benefits in every industry -- except IT," said Mike Abbott, general partner at Kleiner Perkins Caufield & Byers. "CloudPhysics is the first to apply it to IT, and they're well positioned to disrupt this market. We are impressed with their leadership team, game-changing SaaS offering and the community they have built since coming out of stealth mode late last year."

Abbott joins CloudPhysics co-founders John Blumenthal, CEO, and Irfan Ahmad, CTO, and Robin Vasan, Managing Director at Mayfield Fund, on the board.

"The progress CloudPhysics has made over the last 18 months is phenomenal," said Robin Vasan, Managing Director at Mayfield Fund. "CloudPhysics' leadership team is exceptional, and they have done an excellent job growing the team and developing their intelligent operations management SaaS."

"Managing virtualized IT means managing an ever-changing, dynamic set of conditions," said John Blumenthal, CEO and Co-Founder of CloudPhysics. "Today's static solutions can't keep pace and a new approach is called for -- leveraging collective intelligence drawn from industry-wide operations big data and delivering solutions rapidly via SaaS as users encounter new operational problems. This infusion of capital will accelerate our aggressive growth plans as we continue to hire the industry's best engineering talent and expand our global IT operational data service."

To read Blumenthal's blog, go to: https://cloudphysics.squarespace.com/blog/2013/8/12/the-question.

Published Tuesday, August 13, 2013 6:43 AM by David Marshall
Filed under:
Comments
There are no comments for this post.
To post a comment, you must be a registered user. Registration is free and easy! Sign up now!
top25
Calendar
<August 2013>
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
25262728293031
1234567