US-based distributed cloud services platform Volterra launched out of stealth yesterday with $50m in equity financing from investors including conglomerate Itochu, software producer Microsoft and consumer electronics vendor Samsung.
Khosla Ventures and Mayfield have also backed the company. Itochu, Microsoft and Samsung invested through respective corporate venturing units Itochu Technology Ventures, M12 and Samsung Next.
Founded in 2017, Volterra has developed technology to manage distributed applications across multiple infrastructures, including storing and securing data across several cloud environments and edge computing devices.
The company already has more than 30 international customers, it said in its press release.
Navin Chaddha, managing director of Mayfield, said: “As a people-first investor, it has been a delight to work with serial entrepreneur Ankur and his team on their bold idea of a platform for the distributed cloud era.
“They clearly see the challenge that enterprises are facing as they distribute applications across clouds and the edge, and have assembled a team of more than a hundred experts to build the answer.
“With over thirty customers already in production, we are confident that Volterra will make a major impact on the distributed cloud market.”
