Headquarters: Burlington, Mass.
CEO: N. Louis Shipley
New Funding: $7.5 Million
Backers: Globespan Capital, Bain Capital Ventures, Highland Capital Partners
Specializing in software-defined control for cloud and virtualized environments, VMTurbo intends to accelerate its sales and marketing activities, while also investing in product enhancements, through this latest round of funding. The company, which was recently awarded two patents, reports year-over-year growth of more than 150 percent during Q1, tripled its customer list over the course of the year, and has forged new alliances with VCE and NetApp.