Data center virtualization co Stratoscale raises $10m

Stratoscale co-founder and CEO Ariel Maislos previously co-founded Anobit Technologies, which was acquired by Apple Inc.

Data center virtualization company Stratoscale Ltd. has raised $10 million in its first financing round from Battery Ventures and Bessemer Venture Partners.

Stratoscale co-founders, CEO Ariel Maislos previously co-founded Anobit Technologies, which was acquired by Apple Inc. (Nasdaq: APPL) for $350-400 million in 2012 and fabless PON semiconductor company Passave Inc., which was acquired by PMC-Sierra Inc. (Nasdaq: PMCS) for $300 million 2006; and CTO Etay Bogner previously founded client virtualization company Neocleus, which was acquired by Intel Corporation (Nasdaq: INTC), and IT security developer SofaWare, which was acquired by Check Point Software Technologies Ltd. (Nasdaq: CHKP).

Stratoscale is developing software for the next generation of datacenter infrastructure. "Single-server solutions don't make sense at scale - they are inefficient and difficult to manage, and the workloads no longer fit into single-server thinking," said Maislos. "Stratoscale is building the runtime software infrastructure for scalable computing. Under this system, each workload can run on the best matching hardware. All available resources are used, and a unified compute and storage infrastructure is achieved."

Published by Globes [online], Israel business news - www.globes-online.com - on October 28, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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