Cloud Service Provider Virtustream Raises $9.3 Million
Virtustream, a cloud and managed service provider with a lot of VC interest, has extended its Series A financing to the tune of $9.35 million, bringing its total venture funding to $49.3 million. Virtustream is keeping mum on who pumped the additional funding into the company. but leading the list of suspects is chip giant Intel itself.
First, TalkinCloud has to give credit where credit’s due to TechJournal South, which noticed Virtustream’s SEC filing of the increased capital. If it weren’t for that, we may never have known – it seems odd that Virtustream would want to keep quiet on the subject of $9.35 million, but the company didn’t issue so much as a press release and a request for comment went unanswered as of time of writing.
When TalkinCloud sister blog MSPmentor reported back in May 2010 that Intel Capital, joined by Noro-Moseley Partners and TDFund, had invested in Virtustream, it was reported that the funding was being earmarked to further develop the xStream cloud computing platform. In lieu of new information, TalkinCloud has to assume that that’s still where the money’s going.
It’s a head-scratcher, to be sure. But on the other hand, a cloud computing firm was able to raise this kind of money without much hullaballoo. If that’s not a sign of the cloud’s progress, maybe nothing is.