Israeli startup Stratoscale lands $27 million Series C backed by Qualcomm
Cloud computing infrastructure startup Stratoscale has secured $27 million in Series C funding backed by Qualcomm Ventures.
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The Israeli firm was founded in 2013 and is known for its primary product Symphony, a hardware-agnostic, hyperconverged software layer designed to manage a collection of x86 servers together as a single cloud infrastructure.
Stratoscale's pitch is that, in a server ranch with thousands upon thousands of servers, IT management products must be capable of scaling to configure an entire rack at a time, while also unifying all the computing and storage resources under one system and one layer.
Stratoscale has so far raised $70 million in funding over the past three years, following a $32 million Series B investment in 2014. Previous investors contributing to the current round include Battery Ventures, Bessemer Venture Partners, Cisco, Intel, and SanDisk.
"This investment enables us to accelerate our adoption in the market and expand operations more quickly to meet the demand for an all-inclusive data center cloud offering that is scalable and efficient," said Ariel Maislos, CEO and co-founder of Stratoscale.
Maislos was one of the co-founders of Anobit, the company behind a faster SSD controller which was sold to Apple four years ago for $350 million. He was also a co-founder of Psaba, a startup specializing in fiber optic data delivery that was acquired by PMC-Sierra for $300 million.