Racemi, provider of software for server provisioning and cloud migration, has raised $10 million in a Series C funding round led by new investor Milestone Venture Partners with participation from existing investors Harbert Venture Partners and Paladin Capital Group. The company said it will use the capital for product development and geographic expansion.
Racemi’s software enables businesses to move server workloads to and from the cloud, between clouds and across data centers. It has had strong partner momentum in the past year, bringing on board several data center providers, including Phoenix NAP, Windstream and IBM SoftLayer, among others, and says its software works with all major cloud platforms.
Businesses are becoming mobile and remote work is on the rise. Cloud is one way to enable workers to work securely from home or across devices. The need for collaboration and access anywhere has been driving many applications to a Software-as-a-Service model.
"There are two strong forces propelling Racemi growth -- one is the overall markets' increasing adoption of cloud computing and the other is market validation of Racemi's technology for the rapid migration of workloads into public, private and hybrid clouds," said Morgan Rodd, of Milestone Venture Partners.
Racemi’s server imaging technology quickly clones server workloads between dissimilar physical, virtual or private cloud platforms, substantially shortening the migration process. The software captures the entire server stack--including operating system, applications and configuration--and automatically converts it to run on the target platform by applying the necessary tools and drivers during the migration process.
This ensures existing workloads are migrated in their time-tested configuration, which leads to better reliability and ability to be supported.
“The increasing adoption of cloud computing presents a tremendous opportunity for Racemi and this round will help accelerate our efforts to enter new markets and deliver the truly unique capabilities of our solution,” Racemi CEO Lawrence Guillory said. "We are continuing to build on our momentum and strong growth.
Racemi's previous $7 million round came in July 2012.