ZeroStack Closes $16 Million in Series B Funding Led by Formation 8 and Foundation Capital
Huge Demand for Private Cloud Propels Company’s Rapid Growth
MOUNTAIN VIEW, Calif. – October 20, 2015 – ZeroStack, Inc., a pioneer in self-service and scale-out private cloud, today announced $16 million in new funding. The Series B round was led by Formation 8 with contributions from existing investor Foundation Capital and current member of the company’s board of directors, Mark Leslie. ZeroStack also announced that Shirish Sathaye, general partner at Formation 8, will join its board of directors.
“This round of financing will help us meet the overwhelming demand for an end-to-end solution that provides the agility and ease-of-use of the public cloud combined with the control and performance of the private cloud,” said Ajay Gulati, co-founder and CEO of ZeroStack.
The ZeroStack Cloud Platform couples on-premises, hyper-converged infrastructure with a web portal handling management and operations, which includes complete health monitoring and predictive analytics. ZeroStack was founded on the premise that building and operating a private cloud should be fast, simple and cost-effective without sacrificing functionality.
The ZeroStack Cloud Platform provides:
- The ability to build a cloud in minutes with no prior experience necessary
- Universal view and governance of cloud services across sites, business units and projects
- Full control of sensitive data with a self-healing architecture hosted on-site
- Curated updates through automated patching and upgrades
“We’re firmly in the midst of the next fundamental shift in datacenter architecture – from physical to virtual and now to the cloud,” said Shirish Sathaye, general partner at Formation 8. “The potential for a solution that democratizes the private cloud is massive.”
“We’ve been excited about what ZeroStack is doing since Ajay and Kiran started their entrepreneurial journey from our office. Combining the speed and simplicity of the Public Cloud with the performance and security of the Private Cloud brings significant innovation to market by combining both models,” said Ashu Garg, general partner at Foundation Capital.
“From inception to over ten customer deployments in a little over a year is a remarkable trajectory,” said Mark Leslie, managing general partner of Leslie Ventures and former founder, chairman and CEO of Veritas Software. “Having observed the initial phase of the company as part of its board of directors, I’m really excited to see the adoption of the ZeroStack Cloud Platform accelerate as more organizations discover the elegance of the solution.”
ZeroStack delivers the industry’s first complete, scale-out private cloud that converges compute, storage, networking and management services. With ZeroStack, customers can drastically reduce time to value for IT, and lower software, hardware and operational costs. Founded by Kiran Bondalapati, founding engineer at Bromium, and Ajay Gulati, who was a senior architect and R&D lead at VMware, ZeroStack was built by a veteran team of cloud experts. The company is headquartered in Mountain View, CA. For more information, visit www.zerostack.com or follow @ZeroStackInc.
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For more information, contact:
Kulesa Faul for ZeroStack