US-based virtualisation software developer Ravello Systems secured $28m on Tuesday from a series C round led by the corporate venturing units of semiconductor technology producer Qualcomm and flash storage company SanDisk.
Qualcomm Ventures and SanDisk Ventures were joined in the round by venture capital firms Sequoia Capital, Bessemer Venture Partners and Norwest Venture Partners, and investment firm Vintage Investment Partners.
Ravello has developed software which enables companies to run their data centres in the cloud without the need for rewriting applications. It will use the fresh funding to increase marketing and sales efforts in the US and internationally.
The company previously raised a $15m series B round in 2012 from Bessemer, Norwest and Sequoia. The three also backed Ravello’s $11m series A round in 2011.
Mony Hassid, senior director for Qualcomm Ventures, said: “There is huge complexity in recreating enterprise application environments in other clouds, and Ravello’s approach breaks down those technical barriers with incredible speed and simplicity.”
Rene Hartner, vice president of corporate business development at SanDisk, added: “Our investment and collaboration with Ravello complements SanDisk’s leadership in data centre storage and broadens our ongoing commitment to drive the development and adoption of innovative, next-generation technologies that address the most important considerations for the enterprise today and tomorrow.”