Cloud computing company Ravello Systems Inc. has raised $15 million in second financing round. The company has now raised a total of $26 million from investors including Sequoia Capital, Bessemer Venture Partners, and Norwest Venture Partners since it was founded in 2011.
Ravello, founded by CEO Rami Tamir and chairman and president Benny Schnaider, has developed what it calls the standard KVM hypervisor, which it says will change the game in the hybrid cloud market by delivering the industry’s first cloud application hypervisor.
Ravello is headquartered in Palo Alto, California and has offices in Ra'anana.
This is the fourth start up founded by Schnaider and Tamir. In September 2008, they sold Qumranet Inc. to Red Hat Inc. (NYSE: RHT) for $107 million.
“Enterprises cannot use the public cloud the way that they would like to which is to be able to rent capacity on demand and simply spill-over bursting workloads,” said Tamir. “That’s not possible today because the public cloud environment is completely different from the enterprises’ internal data center. The industry needs a solution to normalize the application environment across the private and public cloud, so that enterprises can truly begin using the public cloud."
Ravello also announced the public beta of its service, which is designed to enable developers to harness the unlimited resources of the public cloud to develop and test applications.
Published by Globes [online], Israel business news - www.globes-online.com - on February 5, 2013
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