Virtual Iron, a start-up aiming to commercialize the open-source Xen virtualization software, has raised $20 million.
The investment include Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital, and SAP Ventures, the Lowell, Mass.-based company said. Total funding for the company now has reached $65 million, the company said Monday.
Virtual Iron had "dramatic growth" over the last 12 months, and the new funding round was at a higher valuation, the company said. It didn't release particulars, but did cite IDC statistics saying that spending on server virtualization is growing at 60 percent per year and … Read more