Qualcomm Incorporated joins latest investment round for Next Generation Software Defined Data Center Solution That Enables Businesses to Embrace New Technologies at Unparalleled Pace with Greater Ease and Control
Herzliya, Israel – March 23, 2016 – Stratoscale, a software company revolutionizing the data center, today announced it has secured $27 million in Series C financing. Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, joined the Series C financing round with participation from all existing investors. Transforming cloud computing capabilities within the data center by enabling businesses to embrace new technologies at a faster pace, Stratoscale has raised over $70 million in funding over the past three years that is dedicated to support global expansion of the company.
To help customers keep up with business agility mandates that include rapid development and new age applications, Stratoscale provides a hardware-agnostic Software Defined Data Center (SDDC) solution that offers a holistic data center experience. Stratoscale’s solution enables IT to scale and respond to real-time needs with greater ease and assured control.
“Today’s data center managers are looking to Stratoscale to help them more effectively manage their technology infrastructure. To help us scale globally, we are proud to have the support and investment from Qualcomm Ventures,” said Ariel Maislos, CEO of Stratoscale. “This investment enables us to accelerate our adoption in the market and expand operations more quickly to meet the demand for an all-inclusive data center cloud offering that is scalable and efficient. We continue to deliver on the promise of what data centers should be without the burden of being locked into legacy infrastructure that doesn’t grow with your business.”
“Qualcomm sees large growth opportunities in the data center space, and Stratoscale is positioned to become a seminal and transformative player, particularly in the midst of a current technology revolution,” said Mony Hassid, senior director, Qualcomm Ventures. “Their accelerated growth and global expansion indicate that Stratoscale is capable of leading the competition, and we look forward to working closely with the Stratoscale team as they continue to progress.”
As companies have moved critical business processes to the cloud over the years, Stratoscale has brought the control back to IT by providing unparalleled cloud computing capabilities in the data center in a way that’s faster and doesn’t require specific expertise or expensive services. Stratoscale’s hardware-agnostic, self-optimizing software solution, Stratoscale Symphony, automatically distributes all physical and virtual assets and workloads in real time, delivering “rack-scale economics” to data centers of all sizes with efficiency and operational simplicity. By enabling anyone within an organization to be a data center manager, IT departments can focus on developing and running business applications while scaling out easily in a pay as you grow model.
Since its $32 million Series B investment in 2014, Stratoscale has experienced significant growth and continued product innovation. The company also began expansion throughout North America and Europe with PartnerFirst, its 360 degree partner program. Through this program, Stratoscale is building an ecosystem of technology and distribution partners, expanding coverage and customer service to meet market demand for next generation data centers.
Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, software-only hyperconverged platform to store everything, run anything and scale everywhere, IT is empowered to take control of their data centers. Led by an experienced management team that brings a proven track record in the field of startups, Stratoscale was named a “Cool Vendor in Servers and Virtualization” by Gartner. Stratoscale is backed by leading investors including: Battery Ventures, Bessemer Venture Partners, Cisco, Intel and SanDisk. For more information, visit http://www.stratoscale.com/