Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here
Update: This story has been updated with the correct funding amount. It was $1.8 million, not $18 million.
What do Crossfit and RackWare have in common? They both aim to make their customers flexible and agile and get them running at optimal performance.
RackWare is a cloud startup that has raised $1.8 million in its first round of funding.
RackWare has developed a series of enterprise solutions to bring “intelligence and automation to the cloud.” The RackWare Management Module (RMM) helps businesses scale across private, public, or hybrid cloud environments, without changing applications.
As businesses migrate their operations to the cloud, there is a greater need for tools to help manage this infrastructure. RackWare launched in September 2012 with its management software that helps IT teams get the “highest performing” cloud throughout their applications’ lifecycle. The company touts the “mobility” and “elasticity” that RMM brings. The technology makes it easy to scale up or down, depending on demand, as well as disaster recovery.
“Today’s enterprise IT organizations need solutions that allow them to immediately benefit from deploying applications in the cloud within their current environment,” said founder and CEO Sash Sunkara in a statement at the time. “With RackWare Management Module, users can take full advantage of the cloud without comprising their current investment in infrastructure and applications. And once RMM is in place, it is easy to expand use of the cloud to increase cost savings to the business through greater availability and flexibility for application developers and users.”
Sunkara was one of the cofounders of 3Leaf Systems and served as VP of marketing at QLogic’s Network Solutions Division. Her cofounder, Todd Matters, worked on networking at Unisys and IBM and founded SilverSteam. They founded RackWare in 2009 and at the time raised a small amount of angel funding. This $1.8 million is part of an intended $2.67 million, according to an SEC filing. The investors are undisclosed, although VentureBeat has reached out to RackWare for comment.
RackWare is based in Santa Clara, California. Read the filing.
Photo Credit: CrossFit Kandahar/Flickr
VentureBeat’s VB Insight team is studying marketing analytics...
Chime in here, and we’ll share the results