Virsto Software, a Sunnyvale, CA-based software company providing a hypervisor-based storage solution built for virtual machines, closed a $12m Series B venture capital financing.
The round was led by InterWest Partners, with participation from existing investors August Capital and Canaan Partners.
This investment brings the total amount raised by Virsto to date to over $20m.
The company intends to use the new capital for product development and expansion of industry partnerships.
In conjunction with the funding, Khaled Nasr, a partner at InterWest, will join Virsto’s board of directors.
Founded in 2007 and led by CEO Mark Davis, the company has developed software designed to help organizations, including enterprise, private and public cloud customers benefit from server and desktop virtualization, increase performance and lower storage costs.
Virsto has also acquired EvoStor, a company specializing in storage virtualization technology for VMware environments.
FinSMEs
08/06/2011