VirtualZ Computing, a Minneapolis, MN-based provider of a solution to connect mainframes to hybrid cloud for bi-directional data access, raised $2.2M in funding.
The round, which brought the total amount to $4.9M, was led by Next Frontier Capital. Additional investors included 2M Companies, Innosphere Ventures, and Next Coast Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Founder and CEO Jeanne Glass, VirtualZ Computing is a woman-founded, woman-led software company that is working on mainframe and cloud data access. it provides one solution already available, with two others soon to follow:
- Lozen™: This solution, which is available now, enables hybrid cloud, SaaS, distributed and custom applications to gain real-time, read-write access to mainframe data out of the box. Data isn’t moved; instead, all apps share the data equally as a peer with mainframe applications. The solution installs in minutes and runs on the zIIP engine, consuming a fraction of the capacity of a general processor.
- Zaac™: This solution provides mainframe applications with real-time, read-write access to external data out of the box, including hybrid cloud, physical storage and SaaS. It provides all of the benefits of Lozen and will be available in Q1 2024.
- PropelZ: This utility, which is also available now, makes it simple to create a copy of mainframe data whenever needed for experimentation or analysis in hybrid cloud environments. This capability enables organizations to push a one-time copy of mainframe data for just a fraction of the cost of legacy ETL solutions, and it is ideal for use cases that don’t require real-time read-write access.
FinSMEs
12/12/2023