Rackware Finalizes $2.3M In Funding For Its Cloud Management Platform

Rackware today announced the finalization of $2.3M in funding that brings the total capital raised by the Santa Clara-based cloud management company to $7M. Today’s funding round was led by existing investors Kickstart Seed Fund and Osage Venture Partners. The funding will be used to accelerate product development and expand Rackware’s sales and marketing operations, including increased expansion to Europe, Middle East and Africa. The company’s Rackware Management Module allows customers to move physical workloads from datacenters into the cloud, or alternatively to move workloads between cloud vendors. Additionally, the platform delivers autoscaling functionality for on premise infrastructures that empowers customers to extend their datacenters to the cloud as needed. The current roster of cloud platforms supported by Rackware includes Amazon Web Services, NTT, IBM’s SoftLayer, CenturyLink, OpenStack, SunGard, CloudSigma, Rackspace and VMware. Rackware’s platform delivers an automated, push button approach to the migration of workloads to and between cloud platforms in ways designed to enhance IT infrastructure mobility and elasticity. As cloud adoption accelerates, particularly amongst enterprises that find themselves forced to confront the challenge of migrating legacy applications to the cloud, technologies such as Rackware’s are likely to encounter increased demand as organizations require and demand automated solutions for migrating workloads to and between cloud vendors.

Advertisements