Israel-based software developer Stratoscale secured $32m yesterday in a series B round led by semiconductor Intel’s corporate venturing arm that also featured a corporate venturing subsidiary of networking equipment technology producer Cisco.
Flash storage company SanDisk and venture capital firms Battery Ventures and Bessemer Venture Partners joined Intel Capital and Cisco Investments.
Stratoscale is a software platform for for hyper-convergence, combining high performance storage with cloud services. The funding will complete product development and help build out global sales and marketing.
Ariel Maislos, chief executive at Startoscale, said: “With over $40m total funding since inception, we are positioned to deliver the first pure-play software architecture for hyper-convergence. This additional funding will allow us to complete our product development as well as build out global sales and marketing.”
Stratoscale previously received $10m in series A funding in October 2013 from Bessemer Venture Partners and Battery Ventures. It is one of 16 companies to receive $62m from Intel Capital, according to an announcement yesterday.