VMTurbo raises $50M to help companies automate their data centers

Wednesday, January 21, 2015

Boston-based cloud technology firm VMTurbo said Wednesday that it raised $50 million in Series D funding, bringing the company's total funding to date to $77.5 million.

The new round of funding was led by San Francisco-based ICONIQ Capital, Bain Capital, Globespan Capital Partners, Highland Capital Partners and a number of strategic investors. VMTurbo plans to use the investment to expand its employee base both nationally and globally from its current 250, according to a release. The investment marks VMTurbo's largest private round since its founding in 2011.

Last year, VMTurbo moved into a larger, 23,000-square-foot headquarters at 500 Boylston St. in Boston's Back Bay to accommodate its growth.

VMTurbo's software offers companies a more efficient, cost-effective, automated way to run their data centers — a sort of "autopilot" for running complex servers.

The company's software is used by over 1,000 organizations, helping to run nine data centers for J.P. Morgan, for example.