RackWare (Santa Clara, CA), a company that specializes in integrating data center and cloud resources into a single scalable, intelligently managed computing environment, announced that it has closed a $3 million Series A funding round, led by Kickstart Seed Fund and Osage Venture Partners. The proceeds of the funding will be used to boost RackWare's sales and marketing organizations.
RackWare's RMM 2.0 software is designed to dynamically integrate existing data centers and cloud applications into a seamless, intelligent, automated cloud computing fabric that simplifies administration and reduces costs while maximizing flexibility and resilience.
Sash Sunkara, CEO of RackWare, comments, "RackWare can deliver 40 to 50 percent cost savings to customers seeking to easily and cost-effectively enable the cloud while also managing a hybrid infrastructure of physical, virtual, private and public cloud resources. We're in a unique position for a Series A company in that we already have customers in production and meaningful revenue. We'll use this funding to grow our sales and marketing teams so we can attack the market with our recently released Generation 2 product."
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According to a press release, Kickstart Seed Fund managing director Gavin Christensen will now join RackWare's board of directors, as will Osage Venture Partners managing partner Nate Lentz.
"Cloud management software is a fundamental enabler of enterprise cloud computing, and RackWare has a simplified approach to cloud management that enables rapid and efficient cloud migration and automatically optimized operations," says Gavin Christensen, managing director of Kickstart Seed Fund. "We are excited to be working with the most dynamic company in this market space."
"RackWare's cloud management software fits perfectly with our focus on enterprise software," concludes Nate Lentz, managing partner at Osage Partners. "This is a new, massive market opportunity with only a few early players. With a world-class team, strong partners, and first-rate technology, RackWare is in an excellent position to claim a commanding share of the cloud management software market."
See also: Cloud computing, virtualization and cabling infrastructure
