Tech Company Financing Transactions
ScaleXtreme Funding Round
Ignition Partners and Accel Partners invested in a $11 million Series B funding round for ScaleXtreme. The funding round was announced on 6/22/2011.
Transaction Overview
Company Name
Announced On
6/22/2011
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series B
Investors
Ignition Partners (Lead Investor) (Frank Artale)
Accel Partners (Ping Li)
Proceeds Purpose
The new financing will be used to accelerate the rollout of additional product capabilities, and expand marketing and sales for ScaleXtreme's innovative new way of managing hybrid clouds.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
4 West 4th Avenue 401
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Website
Email Address
Overview
Built from the ground up to be simple, scalable, and social, ScaleXtreme's product aims to transform the way IT admins manage their Amazon EC2, VMware virtual machine and physical server deployments. ScaleXtreme was founded by a team with deep expertise in enterprise software and systems management, including Bladelogic and VMware, and is backed by Accel Partners.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nand Mulchandani
Chief Operating Officer
Paul Denton
Chief Technical Officer
Balaji Srinivasa
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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