Velostrata

Company Overview

Snapshot

Founded in April 2014 by Issy Ben-Shaul and Ady Degany, Velostrata operated with 11–50 employees. The company raised $31.5 million across 2 funding rounds from 3 investors. Velostrata was acquired by Google in May 2018.

Business overview

Velostrata developed hybrid cloud storage software designed to streamline the migration of production workloads to and from the cloud. Its core technology decoupled computing from storage, enabling real-time hybrid cloud solutions without requiring storage migration. The company served enterprise markets, operating within the Enterprise Solutions sector, specifically focusing on IT, R&D & Data Solutions and Data Architecture, with a core technology in Data Storage and Cloud.

Strategic signal

In May 2018, Google acquired Velostrata, signaling a strategic move by Google to enhance its cloud migration capabilities. This acquisition provided Google with Velostrata's technology, which decouples storage and compute, to facilitate the migration of virtual machine-based workloads to and from the cloud. The move underscored Google's commitment to strengthening its cloud market share and offering more robust tools for enterprise cloud adoption.

Company Intelligence Q&A

What was Velostrata's most significant corporate event?

Velostrata was acquired by Google in May 2018. This acquisition aimed to integrate Velostrata's cloud migration technology into Google's offerings, enhancing its ability to help customers transition from on-premises data centers to the cloud.

When did Velostrata raise its Series B funding round?

In August 2016, Velostrata closed a Series B financing round. The funding was led by Intel Capital and Norwest Venture Partners.

When did Velostrata announce its Series A funding?

In August 2015, Velostrata announced a Series A funding round. This round included participation from Norwest Venture Partners and 83North.

What recognition did Velostrata receive in 2016?

In June 2016, Velostrata was named a 'Cool Vendor in Cloud Computing 2016' by the Gartner Research Group, recognizing its innovative cloud workload mobility platform.

What strategic leadership appointment did Velostrata make in early 2016?

In February 2016, Velostrata appointed its first channel chief, a Vice President of.