Friday, May 20, 2022

Virtana Raises $73 Million for AIOps Hybrid Cloud Management Market

Vertana, a leading provider of AI-powered monitoring solutions for hybrid cloud management, has picked up $73 million To accelerate growth through financing from Atalaya Capital Management, Elm Park Capital Management, Highbar Partners and Benhamou Global Ventures. The investment will support the company’s continued innovation in the AIOps market and further strengthen Vartana’s position within the $30+ billion IT operations management software market.

Vertana’s range of workload capacity optimization, cost management and performance assurance tools help Global 2000 customers and partners to plan, execute and manage their hybrid cloud implementations. Companies are adopting hybrid cloud strategies and tools more than ever before to enable digital transformation efforts, a trend accelerated by the COVID-19 pandemic. Through its platform, Vartana delivers workload migration, cost optimization and observability solutions for hybrid cloud infrastructure, helping companies reduce costs associated with cloud waste and realize the full benefits of a cloud-based digital transformation strategy. does.

“Atalaya believes that Vertana provides a suite of mission-critical products to provide differentiated solutions for its customers and channel partners. We are excited to partner with Vertana and support the team’s efforts in developing its platform,” said Josh Ufberg, Atalaya Capital Management Lp.

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The team at Virtana built a leading SaaS-based hybrid cloud management platform to monitor, optimize and migrate mission-critical infrastructure and applications for some of the largest, most complex IT environments in terms of digital transformation Is.” Mark SchachterManaging Partner of Elm Park Capital Management. ,wish shekho And the executive leadership team has a track record of building value and trust with customers, and we look forward to partnering with the team and helping drive that forward. ,

With additional capital and resources, Vartana will be able to accelerate its innovation and better meet customer needs through increased investments in product development, sales and marketing.

“We are excited about this round of financing, which is an important step in achieving the company’s long-term success as we continue to execute our strategy and position ourselves for a new phase of sustained, profitable growth and success.” What was said. wish shekho, President and CEO of Vartana.

Kash continued, “Ever since I became CEO last year, we have focused on transforming Vertana to deliver profitable growth to support our customers and accelerate hybrid cloud innovation. We work with customers and financial partners. As well as the support of our talented team for continuous innovation and hard work. It is no coincidence that the company has won 19 Technology Innovation and Leadership Awards in the last one year alone.”

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Vartana received the following awards in 2021:

  1. Best Company Culture | comparatively
  2. Best Company for Women | comparatively
  3. Coolest Cloud Company of 2021 | crn
  4. customer first company | gartner
  5. Top 10 Players To Reduce Cloud Costs | business Insider
  6. Cloud Innovation Award | channel partner insight
  7. Cloud Platform Innovation of the Year | SDC Awards
  8. cloud transformation project of the year | SDC Awards
  9. Channel Chief | crn
  10. Top 10 Digital Transformation Solution Providers
  11. Digital Innovator Award
  12. Best of San Jose – Software / SaaS Company
  13. Authentic Leadership Award – CEO wish shekho
  14. Top 10 Best Cloud Management Software
  15. Top 10 Most Influential CEOs Rising To The Top wish shekho
  16. CTO of the Year
  17. world technology leader
  18. Top 10 companies revolutionizing healthcare
  19. 50 leading companies in 2021

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Nation World News Desk
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