Palo Alto, Calif.-based Ravello Systems announced this morning that it raised $26 million in venture capital for its "Cloud Application Hypervisor" that makes it easier (and therefore cheaper) for developers to create and deploy applications in the cloud.
Sequoia Capital, Norwest Venture Partners and Bessemer Venture Partners contributed to the funding round. It's the startup's second since it was founded in 2011 with the goal of disrupting the hybrid cloud market.
The goal: normalize the application environment between an enterprise's internal datacenter and the public cloud environment.
The idea: get away from a management-only approach. "It's very much like what VMware did back in the early 2000s to the enterprise data center," Sequoia Capital partner Shmil Levy said.
And Ravello would know. The company's leadership team (CEO Rami Tamir, president Benny Schnaider, SVP Navin Thadani) is the same one of Qumranet fame, which developed the KVM hypervisor before being acquired by Red Hat in 2008.
The company celebrated by opening its private beta to the public this morning.