Israeli data center in the cloud infrastructure developer Stratoscale has closed a $27 million Series C financing round. Qualcomm Inc., through its venture investment group, Qualcomm Ventures, joined the Series C financing round with participation from all existing investors including Battery Ventures, Bessemer Venture Partners, Cisco, Intel and SanDisk.
The Herzliya-based startup is seeking to transform cloud computing capabilities within the data center by enabling businesses to embrace new technologies at a faster pace, Stratoscale has raised over $70 million in funding over the past three years that is dedicated to support global expansion of the company. The startup has developed a zero-to-cloud-in-minutes solution.
To help customers keep up with business agility mandates that include rapid development and new age applications, Stratoscale provides a hardware-agnostic Software Defined Data Center (SDDC) solution that offers a holistic data center experience. Stratoscale’s solution enables IT to scale and respond to real-time needs with greater ease and assured control.
Stratoscale CEO Ariel Maislos said, “Today’s data center managers are looking to Stratoscale to help them more effectively manage their technology infrastructure. To help us scale globally, we are proud to have the support and investment from Qualcomm Ventures. This investment enables us to accelerate our adoption in the market and expand operations more quickly to meet the demand for an all-inclusive data center cloud offering that is scalable and efficient. We continue to deliver on the promise of what data centers should be without the burden of being locked into legacy infrastructure that doesn’t grow with your business.”
Qualcomm Ventures senior director Mony Hassid said, “Qualcomm sees large growth opportunities in the data center space, and Stratoscale is positioned to become a seminal and transformative player, particularly in the midst of a current technology revolution. Their accelerated growth and global expansion indicate that Stratoscale is capable of leading the competition, and we look forward to working closely with the Stratoscale team as they continue to progress.”
As companies have moved critical business processes to the cloud over the years, Stratoscale has brought the control back to IT by providing cloud computing capabilities in the data center in a way that’s faster and doesn’t require specific expertise or expensive services.
Since its $32 million Series B investment in 2014, Stratoscale has experienced significant growth and continued product innovation. The company also began expansion throughout North America and Europe with PartnerFirst, its 360 degree partner program. Through this program, Stratoscale is building an ecosystem of technology and distribution partners, expanding coverage and customer service to meet market demand for next generation data centers.
Published by Globes [online], Israel business news - www.globes-online.com - on March 27, 2016
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