CloudVelocity develops software that businesses use to migrate multitier applications to the cloud and provide those applications with disaster recovery services. The Santa Clara, Calif.-based company was founded in 2010 and came out of stealth mode in December 2012.
In July CloudVelocity launched its One Hybrid Cloud software that helps businesses run new and existing Linux and Windows applications within Amazon Web Services clouds.
Also in July the company raised $13 million in second-round venture funding led by Third Point Ventures, with participation from Pelion Venture Partners and Mayfield Fund. Rajeev Chawla is the company's CEO.