US-based cloud computing technology developer RStor has emerged from stealth with $45m from a series A round led by Cisco Investments, the corporate venturing arm of networking equipment supplier Cisco.
Founded in 2017, RStor has launched a product called Multicloud Platform which aggregates workloads from cloud computing platforms such as Amazon Web Services and Azure as well as private data centres and supercomputing centres in a single place where they can be managed securely.
The technology is intended to facilitate processing-intensive operations such as artificial intelligence (AI) and advanced analytics.
The series A capital will help RStor expand its 50-strong workforce as it prepares to drive product development and expand its base of customers and partners.
Data and interconnection services provider Equinix has agreed to install RStor’s platform at its data exchanges, starting with select US markets and the UK before targeting Equinix customers in Hong Kong, Singapore and Brazil.
Giovanni Coglitore, founder and CEO of RStor, said: “The legacy model of the consolidated data centre with its thousands of networked computers, redundant power supplies and environmental controls is not relevant to the computing demands of AI and machine learning.”