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ZeroStack Closes $16 Million in Series B Funding Led by Formation 8 and Foundation Capital
ZeroStack, Inc., a pioneer in self-service and scale-out private cloud, today announced $16 million in new funding. The Series B round was led by Formation 8 with contributions from existing investor Foundation Capital and current member of the company’s board of directors, Mark Leslie. ZeroStack also announced that Shirish Sathaye, general partner at Formation 8, will join its board of directors.

“This round of financing will help us meet the overwhelming demand for an end-to-end solution that provides the agility and ease-of-use of the public cloud combined with the control and performance of the private cloud,” said Ajay Gulati, co-founder and CEO of ZeroStack.

The ZeroStack Cloud Platform couples on-premises, hyper-converged infrastructure with a web portal handling management and operations, which includes complete health monitoring and predictive analytics. ZeroStack was founded on the premise that building and operating a private cloud should be fast, simple and cost-effective without sacrificing functionality.

The ZeroStack Cloud Platform provides:

  • The ability to build a cloud in minutes with no prior experience necessary
  • Universal view and governance of cloud services across sites, business units and projects
  • Full control of sensitive data with a self-healing architecture hosted on-site
  • Curated updates through automated patching and upgrades

“We’re firmly in the midst of the next fundamental shift in datacenter architecture – from physical to virtual and now to the cloud,” said Shirish Sathaye, general partner at Formation 8. “The potential for a solution that democratizes the private cloud is massive.”

“We’ve been excited about what ZeroStack is doing since Ajay and Kiran started their entrepreneurial journey from our office. Combining the speed and simplicity of the Public Cloud with the performance and security of the Private Cloud brings significant innovation to market by combining both models,” said Ashu Garg, general partner at Foundation Capital.

“From inception to over ten customer deployments in a little over a year is a remarkable trajectory,” said Mark Leslie, managing general partner of Leslie Ventures and former founder, chairman and CEO of Veritas Software. “Having observed the initial phase of the company as part of its board of directors, I’m really excited to see the adoption of the ZeroStack Cloud Platform accelerate as more organizations discover the elegance of the solution.”

Published Tuesday, October 20, 2015 10:37 AM by David Marshall
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VMblog's Expert Interviews: Ajay Gulati of ZeroStack Talks Zero-Touch Infrastructure for Private Clouds : @VMblog - (Author's Link) - March 15, 2016 9:10 AM
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