Virtacore Systems, a Sterling, Virginia-based cloud services provider focusing on virtual infrastructure, received multi-million dollar financing.
Silicon Valley Bank, the commercial banking operation of SVB Financial Group (NASDAQ: SIVB), provided the financing.
The company intends to use the funds to for working capital to support services operations both domestically and internationally and global growth of its infrastructure as a service offerings.
Led by CEO George Naspo, Virtacore Virtacore provides specializing in virtual infrastructure as a service (IaaS) solutions utilizing VMware and built on enterprise cloud platform technologies. Private cloud products include Virtacloud Reserve (for clients who require dedicated discrete hardware on our secure private cloud environment) and Virtacloud Power (which gives the ability to determine clients’ own needs and resources in a dynamic way).
In addition, the company specializes in DR and Backup services.