IBM Turbonomic

Company Overview

Snapshot

Founded in January 2009 by Shai Benjamin, IBM Turbonomic operated with 201–500 employees. The company raised a total of $149.5 million across 6 funding rounds from 6 investors. In June 2021, IBM acquired Turbonomic, leading to its current status as an inactive entity.

Business overview

IBM Turbonomic, an IBM company, provides a workload automation platform designed for hybrid cloud environments. Its core technology enables heterogeneous environments to self-manage, ensuring application performance across any cloud. The platform automates the placement, sizing, and provisioning of workloads, continuously analyzing and adjusting IT resources in real time to maintain application performance and policy compliance. The company operates within the Business Software sector, serving enterprises with solutions for cloud cost optimization, Kubernetes optimization, sustainable IT, cloud migration, FinOps, and data center modernization.

Strategic signal

In June 2021, IBM completed its acquisition of Turbonomic. This strategic move by IBM aimed to enhance its capabilities in automating cloud operations and enterprise-wide management, signaling a consolidation within the cloud automation market and a focus on hybrid cloud solutions for large enterprises.

Company Intelligence Q&A

When was IBM Turbonomic acquired?

IBM Turbonomic was acquired by IBM in June 2021, ceasing its independent operations.

What is IBM Turbonomic's primary focus?

IBM Turbonomic focuses on providing a workload automation platform for hybrid cloud environments, optimizing application performance and resource management.

Who founded IBM Turbonomic?

IBM Turbonomic was founded by Shai Benjamin in January 2009.

What was the total capital raised by IBM Turbonomic?

IBM Turbonomic raised a total of $149.5 million across 6 funding rounds prior to its acquisition.

Which company acquired SevOne?

IBM Turbonomic acquired SevOne in November 2019.