FastScale Technology, a provider of virtualization and cloud computing management software for the next generation datacenter, raised $5.5 million in a Series B round of funding in this difficult economy thanks to ATA Ventures, Leapfrog Ventures, and Hunt Ventures. As this is quite an accomplishment, I wanted to reach out to the company and find out what comes next now that the difficult part of raising money is over. In speaking with Lynn LeBlanc, CEO of FastScale, I was able to learn a bit more about where the company is currently at and where they are heading.
[ Find out more about the FastScale Composer Suite that includes Microsoft Windows support | Is it too early to talk about defining the cloud and creating an open cloud manifesto? ]
InfoWorld: What are your plans for your new round of funding?
FastScale: The Series B funds are targeted in three primary expansion areas. First, we will be expanding our direct sales and services teams to capitalize on growth in our enterprise customer base. Second, we will be increasing our technical support and engineering resources for our current and planned VAR and OEM partners. Finally, we will be growing our engineering organization to enhance our core software management platform for enterprise datacenters and launch new technologies targeting cloud computing.
InfoWorld: An up round in this economy is significant. What do you see as the greatest market opportunities right now?
FastScale: FastScale is really fortunate to be providing enabling technology for several software sectors projected to grow significantly in 2009 -- virtualization, datacenter consolidation, SaaS, and cloud computing. FastScale's family of integrated software management platforms and solutions for next generation datacenters provide customers with a unified and fully automated software solution for managing physical, virtual, hybrid, and soon, off-premises cloud server infrastructure -- a solution that tackles complexity, enables greater consolidation, and significantly reduces cost. In the current economic climate, these are top priorities for most datacenters.
InfoWorld: Recently FastScale announced a beta program for FastScale Stack Manager Workstation Edition. Do you see the cloud as a large portion of your market moving forward or will you focus on both FastScale Composer Suite and FastScale Stack Manager?
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