Qualcomm recently supported datacenter software company, Stratoscale, in the recent funding to target the cloud computation market.
Qualcomm Ventures joined current investors in the latest $27 million financing round for Israel based datacenter software solution provider, Stratoscale.
Stratoscale announced the newly raised capital on March 23, 2016. This is the third fundraising round for the organization but the first in which the American chipmaker’s investment division has participated. The recent fundraising round indicates that the company has raised a sum of over $70 million in the past 3 years.
The Israeli organization develops hardware agnostic software-defined datacenter solution, Stratoscale Symphony. The self-optimizing technology automatically distributes virtual and physical workloads and assets in real-time, which allows it to deliver rack-scale economics to datacenters for IT to respond and scale to real-time requirements with greater control and ease, the software company states.
It says the solution transforms cloud computation abilities inside the datacenter by helping organization to embrace new technologies more rapidly. The founder and CEO of Stratoscale, Ariel Maislos stated, “This investment enables us to accelerate our adoption in the market and expand operations more quickly to meet the demand for an all-inclusive datacenter cloud offering that is scalable and efficient.”
Qualcomm, which is well known for manufacturing smartphone radio and processors, aims at the datacenter and cloud computation as markets for growth in the future. For over two years, it has continued to develop a power efficient processor chip targeted at datacenter computer servers, where Intel Corporation is the leading supplier.
The datacenter processors of the chip manufacturer, based on the architecture licensed by the British multinational semiconductor company ARM Holdings, are passing through the demonstration stage with consumers now. They will probably enter the market in approximately 12 months or so.
Apart from the US organization, a number of companies are also backing Stratoscale., including SanDisK Ventures, Intel Capital, Cisco Investments, Battery Ventures and Bessemer Venture Partners. The software company has its headquarters in Herzliya, Israel. Its offices are in several U.S. cities, such as Mountain View, New York and Boston.
Stratoscale was founded in 2013. Ariel was amongst the co-founders of a flash memory supplier Anobit whose devices were used in Apple products. In 2012, the smartphone took over the tech organization for $350 million.
Ariel then became the senior director of Nand flash at Apple. Stratoscale expects to scale the IT operations of those companies who do not employ the resources of other tech companies, such as Google and Amazon, to process a huge amount of data in the cloud.
An official of Qualcomm, Mony Hassid, told Geektime about why the organization took the decision to participate in the fundraising round. He emphasized that the company’s founders played a significant role in influencing the organization's decision.
No comments:
Post a Comment