6fusion, a Raleigh, North Carolina-based provider of utility-metered public, private and hybrid cloud infrastructure management software and services, has closed a $7m round of funding.
The round was led by Grotech Ventures, with participation from Intersouth Partners, which led the company’s first institutional investment in August 2010 (read here).
The company intends to use the funds to accelerate customer adoption of its technologies globally. To support its expansion, 6fusion recently added former VMware executive Richard Martin as Vice President, Worldwide Sales and Business Development, and Mark Riedeman as Director of Software Development.
Led by co-founder and CEO John Cowan, the company has developed a metering algorithm, the Workload Allocation Cube (WAC), which standardizes the measurement of storage and compute and allows customers to quantify supply and demand for resources. 6fusion’s UC6 Cloud Management Platform federates private data center and third party cloud operators, providing a single console to allow IT organizations of all types to meter, manage and optimize hybrid cloud infrastructures.
In conjunction with the funding, Lawson DeVries of Grotech Ventures will join the company’s Board of Directors.
FinSMEs
22/08/2011