May 16, 2009, 8:54 PM — VKernel has secured $7 million in a second round of financing to help expand its virtualization management tools for customers using VMware and other hypervisors.
VKernel’s software tools help IT analyze the impact of changes to virtual resources before they are implemented, enable chargeback processes, and monitor shared resources to optimize use of server capacity.
Founded in 2007 in Portsmouth, N.H., VKernel says it needed the latest funding round to bolster sales, marketing and product development to take advantage of the growing server virtualization management market.
VKernel today supports VMware ESX, and plans to expand its platform to support Microsoft Hyper-V, Citrix’s Xen products and other virtualization tools, the company says in its funding announcement.
"VKernel leverages the virtual appliance format to instantly deploy its products for enhancing performance, lowering operational and capital costs, optimizing virtual environments of all sizes, and delivering an instant ROI," the company says.
The $7 million funding round, announced this week, was led by Longworth Venture Partners, with contributions from Hummer Winblad Venture Partners and Polaris Venture Partners. VKernel also secured $4.6 million early last year in a first round of funding led by Hummer Winblad and Polaris.
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