$40 million investment round in Virtustream’s cloud service


Posted on 5th May 2010 by cloudhostingguy in Cloud Hosting

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Intel Capital along with other VC’s have invested $40 million into Virtustream.  Virtustream is a data center co-location and services company that recently launched cloud computing services into their main business.

Virtustream is undergoing a large expansion with the purchase of two data centers in California and Virginia, and the release of xStream, a cloud computing platform aimed at midsize enterprises.

According to Business Week “The funding will help further develop Virtustream’s infrastructure and expand the xStream cloud platform.xStream provides I/O, CPU, RAM, disk and network resources, giving enterprises access through a self-service management portal, which lets customers manage both internal and external computing resources from the same screen. XStream capacity can be purchased as either dedicated or shared physical resources, and as either a managed or unmanaged service.”

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