VMTurbo Closes $10M in Series B Funding

VMTurbo, a Waltham, Mass.-based developer of workload management software for cloud and virtualized environments, has closed $10m in Series B funding.

Backers include existing investors Bain Capital Ventures and Highland Capital Partners.

The company intends to use the funding to expand product development, customer support, sales and marketing.

Founded in 2009 and led by president and CEO Lou Shipley, VMTurbo offers a virtualization management solution that combines real-time operational performance metrics with analytics to drive a broad set of workload management actions, assuring both application performance and most efficient use of virtualized and cloud environments.
Customers include cloud service providers and enterprises such as British Telecom, Omnicare and L-3 Communications.



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