Turbonomic, a Boston, MA-based provider of a platform delivering autonomic performance for the hybrid cloud, secured an additional $50m in financing.
The round was led by General Atlantic, which joined existing investors Bain Capital Ventures, Highland Capital, Globespan, and Iconiq. In conjunction with the funding, Gary Reiner, former Chief Information Officer of General Electric and current Operating Partner of General Atlantic, will join Turbonomic’s Board of Directors.
The company intends to use the funds to grow and scale operations.
Launched in 2010 and led by Bill Veghte, Executive Chairman, Turbonomic provides an autonomic performance platform for the hybrid cloud which enables both legacy and cloud-native app environments to self-manage to assure performance.
The company’s patented autonomic decision engine dynamically matches application demand with infrastructure supply in real time.
Turbonomic currently serves thousands of enterprises to accelerate their adoption of virtual, cloud, and container deployments for mission critical applications.