Cloud DR Provider CloudVelox Nets $15 Million update from February 2015

Hybrid cloud disaster recovery provider CloudVelox has closed on $15 million from Cisco Investments and others to help build out sales and marketing and further expand product development efforts. Previous investors Mayfield Fund, Pelion Venture Partners, and Third Point Ventures also participated in the round.

CloudVelox offers automated cloud migration and disaster recovery software to move application workloads across data centers and clouds. The company's One Hybrid Cloud platform involves a five-step automated process to discover, blueprint, provision, synchronize, and initiate service for workloads, according to the company. CloudVelox says that this process allows a company to develop disaster recovery processes that use the public cloud as a secondary data center, paying only for what is needed.

The City of Asheville, North Carolina, recently revamped disaster recovery plans, citing the company's cloud DR as the perfect solution for avoiding the costly venture of building their own redundant data center locally. Jonathan Feldman, Ashville CIO, was quoted in a statement saying that a secondary data center is a "terrible use of taxpayer funds."

Feldman said the CloudVelox platform was a game changer. "Compared to any other option, we were able to deploy our important apps on AWS for DR with minimal budget impact and maximum compatibility."

CloudVelox is listed as an advanced technology partner for Amazon Web Services, where cloud DR solutions feature architectures from 'pilot light' to 'hot standby' environments.

Last year the four-year-old Santa Clara, California-based company was named one of the "Cool Vendors in Business Continuity Management and IT Disaster Recovery Management" by Gartner.

CloudVelox CEO Rajeev Chawla noted that the Series C funding was a "key milestone for CloudVelox, which supports our view of the market for hybrid cloud automation software. The funding will help us to continue our product leadership while scaling our teams and resources for growing market demands for automated cloud DR and migration."