VMTurbo

VMTurbo, Inc.
Private
Industry Virtualization
Information Technology
Founded 2009
Headquarters 500 Boylston Street
Boston, Massachusetts, United States
Key people
 Shmuel Kliger (Founder and President)
Benjamin Nye (CEO)
Yuri Rabover (Vice President of Product Strategy & Co-Founder)
Mo Garad (CFO)
Products Virtualization Management Software
Website vmturbo.com

VMTurbo, Inc. is an American software company that provides a Demand-Driven cloud and virtualization control platform for enterprise businesses. Founded in 2009, VMTurbo is headquartered in Boston, Massachusetts, USA, with offices in New York, California, the United Kingdom, Israel, and Toronto, Canada.

History

VMTurbo was founded by Shmuel Kliger, Yuri Rabover, Yechiam Yemini, Danilo Florissi and Shai Benjamin to provide software defined control for virtualized infrastructures. The same team previously co-founded System Management Arts (SMARTS), which was acquired by EMC in 2005.[1] VMTurbo raised a $7.5 million Series A from Bain Capital Ventures and Highland Capital Partners in 2009.[2] It then raised $10 million Series B from Bain and Highland in November 2011,[3] and a $7.5 million Series C round from Globespan Capital Partners in May 2013.,[4] bringing the total funding to $25 Million.[5] In January 2015, they raised another $50 Million in a Series D round led by ICONIQ Capital, a Silicon Valley-based investment firm, along with current investors Bain Capital Ventures, Globespan Capital Partners and Highland Capital Partners.[6] VMTurbo has been issued two patents thus far. Assigned on March 12, 2013, the first patent was given for the economic layer of abstraction in VMTurbo's Operations Manager. The second patent was awarded on April 30, 2013 for leveraging economic principles to manage IT virtualized environments.[7] A series of other patents are currently pending.

On September 25, 2013, VMTurbo named Bain Capital Ventures partner, Benjamin Nye, its Chief Executive Officer and elevated founder, Shmuel Kliger, to President.[8] On October 23, 2013, VMTurbo named Geeta Sachdev its Chief Marketing Officer.[9] VMTurbo announced, on February 11, 2014, that it will be moving its headquarters from Burlington, MA to Boston, MA beginning in April 2014.[10]

Technology

VMTurbo's Operations Manager applies the principles of supply and demand to abstract virtual data center resources into commodities bought and sold within the environment and perform Intelligent workload management. At any given time, there is a finite supply of CPU, memory, drive space, IOPS, and other resources demanded by virtual machines and applications. These resource prices fluctuate in real-time as demand changes according to utilization rates, forcing buyers (workloads or VMs) to constantly shop around for better prices, and sellers (hosts) to raise prices as resources become scarce. Operations Manager maintains the environment in dynamic equilibrium, wherein neither buyer surplus nor seller surplus exist.[11] The technology is a real-world implementation of research done by Yemini on Economic Models for Allocating Resources in Computer Systems. Resource allocation optimization is a linear programming problem, it is solvable. As the number dimensions grow, the number of permutations grow exponentially. Yemini's research showed that a local optimum could be found in linear time by approximating resource consumers and providers as buyers and sellers in a market place. Optimization is achieved when resources are provided at lowest possible price.[12] This method of virtualization management breaks from traditional approaches of threshold management, predictive analytics, alert suppression, and root cause diagnostics by shifting the focus from data analysis to real-time brokerage.

Industry Recognition

References

  1. ↑ Weiss, Todd R. (December 21, 2004). "EMC acquires SMARTS in $260M deal". ComputerWorld. Retrieved 21 March 2014.
  2. ↑ Ludwig, Sean (November 29, 2011). "VMTurbo grabs $10M from Bain, Highland to expand cloud virtualization solutions". Venture Beat. Retrieved 28 March 2014.
  3. ↑ "VMTurbo Secures $10 Million Series B Funding". Highland Capital Partners. November 29, 2011. Retrieved 28 March 2014.
  4. ↑ Alspach, Kyle (May 1, 2013). "Cloud automation firm VMTurbo adds $7.5M from Globespan". Boston Business Journal. Retrieved 7 March 2014.
  5. ↑ "Bain Capital Ventures, Highland Capital Partners Joins Series C For VMTurbo". CityBizList-Boston. May 1, 2013. Retrieved 7 March 2014.
  6. ↑ Alspach, Kyle (January 21, 2013). "VMTurbo Is Valued at $500M after $50M Round Led by Zuckerberg-Affiliated Fund". Streetwise Media. Retrieved 9 February 2015.
  7. ↑ "VMTurbo Accelerates Momentum with Record Q1; Secures New Funding". MarketWatch. May 1, 2013. Retrieved 5 March 2014.
  8. ↑ Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". Boston.com. Retrieved 4 March 2014.
  9. ↑ "VMTurbo Names Geeta Sachdev Chief Marketing Officer". Yahoo! Finance. October 23, 2013. Retrieved 7 March 2014.
  10. ↑ Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. Retrieved 7 March 2014.
  11. ↑ Prickett Morgan, Timothy (6 Feb 2012). "VMTurbo control freak spans more clouds". The Register. Retrieved 7 March 2014.
  12. ↑ Yemini, Yechiam; Ferguson, Donald F.; Nikolaou, Christos; Sairamesh, Jakka. "Economic Models for Allocating Resources in Computer Systems". CiteSeerX: 10.1.1.47.119.
  13. ↑ Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". Boston.com. Retrieved 7 March 2014.
  14. ↑ Keohane, Dennis (January 22, 2014). "Forbes Comes Out With List of Most Promising Companies-After uTest, VMTurbo, and NutraClick, Very Few Boston Co.'s". VentureFizz. Retrieved 7 March 2014.
  15. ↑ Burke, Steve (February 12, 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN.com. Retrieved 7 March 2014.
  16. ↑ "Winning Tech Trailblazers unveiled: who to watch in 2014". Tech Trailblazers Press Release. February 5, 2014. Retrieved 7 March 2014.
  17. ↑ "JPMorgan Chase Inducts VMTurbo into Hall of Innovation". MarketWatch. Retrieved 7 March 2014. October 17, 2013
  18. ↑ "EMA Vendor to Watch: VMTurbo" (PDF). EMA. 2013. Retrieved 7 March 2014.
  19. ↑ Ellen O'Brien; Sarah Wilson (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearhVirtualStorage. Retrieved 7 March 2014.
  20. ↑ Meyer, Andrea (February 7, 2013). "VMTurbo Named to Forbes America’s Most Promising Companies List". VMTurbo Press Release. Retrieved 7 March 2014.
  21. ↑ "VMTurbo Named a 2013 Emerging Vendor by CRN". Bloomberg. September 16, 2013. Retrieved 7 March 2014.
  22. ↑ "Products of the Year 2011: Virtualization management". TechTarget - SearchServerVirtualization. Retrieved 3 March 2014.
  23. ↑ Milind Govekar; Cameron Haight; Donna Scott (April 11, 2011). "Cool Vendors in Cloud Management, 2011". Gartner. Retrieved 1 March 2014.
This article is issued from Wikipedia - version of the Sunday, December 20, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.