Virtustream Secures $15M Worth of Series B Funding

Virtustream will be looking at more product development efforts as well as further expansion in the very near future. This is with the help of their most recent acquisition of $15 million in Series B funding. They have now raised an impressive total of $75 million.

On this particular round of financing, Virtustream also welcomed a new investor – QuestMark Partners. Previous participants like TDF, as well as Columbia Capital, Intel Capital, and Noro‐Moseley Partners also took part in this Series B round.

The company’s Chairman and CEO,  Rodney J. Rogers, shares more about this exciting news in this recent e-interview with Lead411:

Who are your competitors and how are you different from them?

Virtustream is a leading enterprise cloud solution provider offering cloud management software, xStream. We have two sets of competitors: Cloud management companies like Eucalyptus, Nimbula, Didata Opsource, HP Cloud Service Automation and also some cloud solutions providers like Centurylink-Savvis, Verizon-Terremark, Rackspace and others. Virtustream offers xStream an enterprise-class cloud management platform, which securely delivers application-level SLAs, economic benefits beyond traditional virtualization and consumption-based pricing through a unique patented µVM technology, which runs on all major hardware and virtualization solutions.

What percentage of your marketing budget are spent on the following?

A. Advertising -2%
B. Social Media Marketing – 5%
C. SEO – 2%
D. PR – 17%
E. Direct Marketing -15%
F. Other – 59%

What marketing tactic has given you the highest ROI? What percentage ROI do you get back on this?

Online and demand generation campaigns – 200%+

What do you plan to spend your new funding on? Product development? Marketing?

New funding will accelerate product development and expand geographic reach.

If this is your first round of financing and you’re the CEO, how many hours did you put into working on getting your financing? Was that taking up the most of your day?

This is the third round of funding.

If you are the CEO, what are your biggest challenges?

High customer demand for solution and growth management!

How many employees do you have?

200

When were you founded?

2008

How much did you revenue increase(if any) this year over last year?

100%+

Want to know more about their recent funding? You can read on their press release here.

About Christine Guinto

Christine Guinto is our part-time writer for the Lead411 Blog. She specializes in our funding news. You can contact her at christine [at] lead411.net. Christine Amos on Google+!