CloudVelocity Raises $13 Million for Hybrid Cloud Solution

Santa Clara, CA (PressExposure) July 20, 2013 -- CloudVelocity, a start-up focused on improving the cloud on-boarding and hybrid cloud experience on Wednesday announced it has closed a deal for $13m in series B financing led by Third Point Ventures.

The company was founded in 2010 by a team of experts in storage, virtualisation and networking who have developed a utility that lets enterprises move existing enterprise applications into a public cloud without modification, allowing those apps to run securely without any performance degradation.

CloudVelocity's utility - called One Hybrid Cloud - essentially automates the application provisioning process by replicating core system files, tweaking for Amazon EC2's resource parameters, and creating a new application on Amazon's infrastructure (One Hybrid Cloud only works with Amazon EC2 currently) via an encrypted channel.

By default the software replicates all of the systems into the cloud but IT architects can modify the list of replicated directories and services if so desired - say, in the event sensitive data cannot be moved to the cloud. "Today's solutions for migrating existing apps into the cloud fall short for mos enterprise apps," said Rajeev Chawla, chief executive officer of CloudVelocity. "We automate five sets of critical processes and extend authentication and other network services into the cloud, making the cloud a seamless extension of the data center."

"Our goal is to accelerate the migration of enterprise apps into the cloud and to drive higher levels of agility, protection and scale for apps trapped in the data center today," Chawla said.

The company makes some big claims but its offering holds promise for enterprises that consider cloud impractical due to a heavy reliance on legacy systems or data security concerns. While most enterprises prefer public clouds like Amazon's EC2 for greenfield applications, CloudVelocity believes its utility will help overcome some of the key inhibitors - security and timely code tweaking primarily - to porting existing applications over to the public cloud or using them within a hybrid cloud architecture.

About cloudvelocity

Contact:
2350 Mission College Blvd.
Suite 1250
Santa Clara, CA 95054
Email:info@cloudvelocity.com
website: www.cloudvelocity.com

Press Release Source: http://PressExposure.com/PR/cloudvelocity.html

Press Release Submitted On: July 20, 2013 at 7:11 am
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