Skip to main content

VKernel™ Secures $4.6 Million Series A Financing




Just heard from the VKernel folks:


PORTSMOUTH, N.H., February 4, 2008 – VKernel Corporation, a provider of easy-to-use and
quick-to-deploy virtual appliances for managing virtual server environments, announced today the
company has raised $4.6 million in its initial institutional round of funding. The round was co-led
by Hummer Winblad Venture Partners and Polaris Venture Partners.
VKernel will use the funds to advance product development, increase sales, and expand market
awareness. Additionally, Mitchell Kertzman of Hummer Winblad and Dave Barrett of Polaris will
join VKernel’s Board of Directors.
“The server virtualization market is growing explosively,” said Mitchell Kertzman, managing
director at Hummer Winblad. “This has us very excited about VKernel’s vision as it is providing
the essential tools for IT staffs to virtualize their environments faster, more cost-effectively, and
with greater confidence.”
“We believe organizations will see VKernel technology as a vital component of successful
virtualization projects,” stated Dave Barrett, general partner at Polaris Venture Partners. “The
company’s executive team has a solid track record of growing businesses from the ground up,
and we fully anticipate VKernel will rapidly become a player in this market.”
VKernel, first launched in January 2007, is building a suite of “plug-and-play” virtual appliances
designed to quickly solve real world systems management challenges as organizations migrate to
virtual server environments. VKernel’s patent-pending Chargeback appliance is certified by
VMware, and enables IT groups to immediately solve today’s critical pain points by providing cost
visibility into the resource consumption of each virtual machine, resource pool, host, or cluster.
“Organizations of all sizes are virtualizing their server farms, which is creating a new set of
systems management challenges,” said Alex Bakman, founder and CEO of VKernel. “To be
successful, IT groups need tools that address their most pressing issues. Unlike traditional
systems management products that are difficult to install, learn, and use, VKernel is delivering
tiny virtual appliances designed to solve specific issues.”

VKernel’s Chargeback Virtual Appliance is available for download on the company’s website. For
additional information, pricing, and how to purchase, visit www.vkernel.com.
About VKernel Corporation Based in Portsmouth, NH, VKernel is dedicated to developing best-of-breed virtual appliances that enhance performance, lower costs, and simplify management of virtual environments of all sizes. As a certified VMware partner, VKernel offers the industry’s only VMware certified virtual appliances for analyzing capacity, chargeback, and cost visibility. For more information, visit www.vkernel.com.

About Polaris Venture Partners

A national venture capital firm with over $3 billion under management, Polaris invests in seed,
early stage and growth equity businesses in the technology, life science, digital media, enertech
and consumer sectors. Through a philosophy of lead investing and active, long-term partnering
with entrepreneurs and management teams, Polaris has helped many companies achieve
outstanding success. For more information, visit www.polarisventures.com

About Hummer Winblad Venture Partners

Hummer Winblad Venture Partners is a leading venture capital firm focused on software investing and manages over $1 billion in cumulative capital. Since Hummer Winblad Venture Partners' inception in 1989 the firm has launched over 100 new software companies. For more
information, visit www.humwin.com.

Comments

Popular posts from this blog

Redhot Future Of IT Part I :Marketing yourself as IT professional

I had promised about the "RedHot IT Future Series" and so we discuss here how you should market yourself EFFECTIVELY as an IT professional in this new (and dangerous) web age! Web is the place where you're a hero today and villain tomorrow. While there are lots of professionals who are active on the web, not all are enjoying a good reputation as they got "personal" with others and got into a cockfight. The passive IT professional has nothing to lose but nothing to gain at all!

I know "marketing" might seem as a greasy term but the idea is to have the truth about you out there. You know you're a good person and your family knows that you're really smart person but the rest of the world doesn't!

So the question is how do I market myself on the web as a true "nouveau IT professional". A guy who companies will be tempted to pick up the phone as say "Hey, we wanna talk with you. Can you fly over to Palo Alto (or Guatemala or Johan…

Redhot Future Of IT Part 2 :Virtualized Workplaces

Click on the title to hear what I have to say, alternatively click here to listen to what I have to say here.

So what is a virtualized workplace? Does it mean it does not exist? That it's virtual? Well in a certain way YES. This is where the future of our workplace is going to be. Well it is already a reality in some countries.

OK lets start by asking ourselves these questions:
Do you really bond with your colleagues? (think Team cohesiveness)
Do you spend great amount of hours talking about great things that you will do together? (think collaboration)
Do you really feel that you give 100% at work? (think effectiveness)
What do you really miss at your desk? (think personalization)
Is your desk comfortable enough? (Again think optimizing personalization, OK you have done your best to make it your place)Does it really matter to your employer that you are there for him/her? (think commitment)
Or do you get micromanaged over petty issues? (think mismanagement)
Do you see your employees perfor…

Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

YOU DON'T HAVE TO DO ANYTHING. WITHIN 2 SECONDS YOU WILL BE REDIRECTED TO THE NEW HOME OF AVASTU BLOG. PLEASE DO UPDATE AVASTU BLOG'S URL to : http://www.ideationcloud.com on your website.

I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)




Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to IdeationCloud.com - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …