Israel startup Stratoscale raises USD10 million in investment round
Two entrepreneurs recently secured a USD10 million investment for its large data center software product. Stratoscale received the investment capital in a funding round lead by Bessemer Venture Partners and Battery Ventures. The funding round had also led to the appointment of Scott Tobin of Battery as a Stratoscale board director.
Founder Ariel Maislos had been developing technology in data virtualization prior to creating startups. One of them is flash memory controller startup Anobit, which was acquired by Apple for around USD500 million two years ago. Stratoscale's core product is currently under development with chief technology officer Etay Bogner.
The product of Stratoscale promised to address significant issues arising in data centers.
"We are trying to do is simplify the data center and virtualize it at a different scale - on a larger scale than a vendor like VMware. Under this system, each workload can run on the best matching hardware. All available resources are used, and a unified compute and storage infrastructure is achieved," Maislos said.