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VMTurbo, Inc.
Company typePrivate
IndustryVirtualization
Information Technology
Founded2009
Headquarters
500 Boylston Street
Boston, Massachusetts
,
United States
Key people
Shmuel Kliger (Founder and President)
Benjamin Nye (CEO)
Yuri Rabover (Vice President of Product Strategy & Co-Founder)
Mo Garad (CFO)
ProductsVirtualization Management Software
Websitevmturbo.com

VMTurbo, Inc. is an American software company that provides a Demand-Driven cloud and virtualization control platform for enterprise businesses. Founded in 2009, VMTurbo is headquartered in Boston, Massachusetts, USA, with offices in New York, California, the United Kingdom, Israel, and Toronto, Canada.

History

VMTurbo was founded by Shmuel Kliger, Yuri Rabover, Yechiam Yemini, Danilo Florissi and Shai Benjamin to provide software defined control for virtualized infrastructures. The same team previously co-founded System Management Arts (SMARTS), which was acquired by EMC in 2005.[1] VMTurbo raised a $7.5 million Series A from Bain Capital Ventures and Highland Capital Partners in 2009.[2] It then raised $10 million Series B from Bain and Highland in November 2011,[3] and a $7.5 million Series C round from Globespan Capital Partners in May 2013.,[4] bringing the total funding to $25 Million.[5] In January 2015, they raised another $50 Million in a Series D round led by ICONIQ Capital, a Silicon Valley-based investment firm, along with current investors Bain Capital Ventures, Globespan Capital Partners and Highland Capital Partners.[6] VMTurbo has been issued two patents thus far. Assigned on March 12, 2013, the first patent was given for the economic layer of abstraction in VMTurbo's Operations Manager. The second patent was awarded on April 30, 2013 for leveraging economic principles to manage IT virtualized environments.[7] A series of other patents are currently pending.

On September 25, 2013, VMTurbo named Bain Capital Ventures partner, Benjamin Nye, its Chief Executive Officer and elevated founder, Shmuel Kliger, to President.[8] On October 23, 2013, VMTurbo named Geeta Sachdev its Chief Marketing Officer.[9] VMTurbo announced, on February 11, 2014, that it will be moving its headquarters from Burlington, MA to Boston, MA beginning in April 2014.[10]

Technology

VMTurbo's Operations Manager applies the principles of supply and demand to abstract virtual data center resources into commodities bought and sold within the environment and perform Intelligent workload management. At any given time, there is a finite supply of CPU, memory, drive space, IOPS, and other resources demanded by virtual machines and applications. These resource prices fluctuate in real-time as demand changes according to utilization rates, forcing buyers (workloads or VMs) to constantly shop around for better prices, and sellers (hosts) to raise prices as resources become scarce. Operations Manager maintains the environment in dynamic equilibrium, wherein neither buyer surplus nor seller surplus exist.[11] The technology is a real-world implementation of research done by Yemini on Economic Models for Allocating Resources in Computer Systems. Resource allocation optimization is a linear programming problem, it is solvable. As the number dimensions grow, the number of permutations grow exponentially. Yemini's research showed that a local optimum could be found in linear time by approximating resource consumers and providers as buyers and sellers in a market place. Optimization is achieved when resources are provided at lowest possible price.[12] This method of virtualization management breaks from traditional approaches of threshold management, predictive analytics, alert suppression, and root cause diagnostics by shifting the focus from data analysis to real-time brokerage.

Industry Recognition

  • Forbes – America’s most promising companies 2014[13][14]
  • CRN 2014 Data Center 100: 20 Virtualization Providers[15]
  • Tech Trailblazers - Virtualization Trailblazer 2013[16]
  • JPMorgan Chase & Co – Hall of Innovation[17]
  • EMA Vendor to Watch: VMTurbo[18]
  • Best data storage products 2013: Products of the Year[19]
  • Forbes – America’s most promising companies 2013[20]
  • CRN Emerging Vendors 2013[21]
  • SearchServerVirtualization’s 2011: Products of the Year[22]
  • Gartner Cool Vendors in Cloud Management, 2011[23]

References

  1. ^ Weiss, Todd R. (December 21, 2004). "EMC acquires SMARTS in $260M deal". ComputerWorld. Retrieved 21 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  2. ^ Ludwig, Sean (November 29, 2011). "VMTurbo grabs $10M from Bain, Highland to expand cloud virtualization solutions". Venture Beat. Retrieved 28 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  3. ^ "VMTurbo Secures $10 Million Series B Funding". Highland Capital Partners. November 29, 2011. Retrieved 28 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  4. ^ Alspach, Kyle (May 1, 2013). "Cloud automation firm VMTurbo adds $7.5M from Globespan". Boston Business Journal. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  5. ^ "Bain Capital Ventures, Highland Capital Partners Joins Series C For VMTurbo". CityBizList-Boston. May 1, 2013. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  6. ^ Alspach, Kyle (January 21, 2013). "VMTurbo Is Valued at $500M after $50M Round Led by Zuckerberg-Affiliated Fund". Streetwise Media. Retrieved 9 February 2015. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  7. ^ "VMTurbo Accelerates Momentum with Record Q1; Secures New Funding". MarketWatch. May 1, 2013. Retrieved 5 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  8. ^ Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". Boston.com. Retrieved 4 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  9. ^ "VMTurbo Names Geeta Sachdev Chief Marketing Officer". Yahoo! Finance. October 23, 2013. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  10. ^ Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  11. ^ Prickett Morgan, Timothy (6 Feb 2012). "VMTurbo control freak spans more clouds". The Register. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  12. ^ Yemini, Yechiam; Ferguson, Donald F.; Nikolaou, Christos; Sairamesh, Jakka. "Economic Models for Allocating Resources in Computer Systems". CiteSeerx: 10.1.1.47.119. {{cite journal}}: Cite journal requires |journal= (help)
  13. ^ Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". Boston.com. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  14. ^ Keohane, Dennis (January 22, 2014). "Forbes Comes Out With List of Most Promising Companies-After uTest, VMTurbo, and NutraClick, Very Few Boston Co.'s". VentureFizz. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  15. ^ Burke, Steve (February 12, 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN.com. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  16. ^ "Winning Tech Trailblazers unveiled: who to watch in 2014". Tech Trailblazers Press Release. February 5, 2014. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  17. ^ "JPMorgan Chase Inducts VMTurbo into Hall of Innovation". MarketWatch. Retrieved 7 March 2014. October 17, 2013 {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  18. ^ "EMA Vendor to Watch: VMTurbo" (PDF). EMA. 2013. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  19. ^ Ellen O'Brien; Sarah Wilson (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearhVirtualStorage. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  20. ^ Meyer, Andrea (February 7, 2013). "VMTurbo Named to Forbes America's Most Promising Companies List". VMTurbo Press Release. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  21. ^ "VMTurbo Named a 2013 Emerging Vendor by CRN". Bloomberg. September 16, 2013. Retrieved 7 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  22. ^ "Products of the Year 2011: Virtualization management". TechTarget - SearchServerVirtualization. Retrieved 3 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  23. ^ Milind Govekar; Cameron Haight; Donna Scott (April 11, 2011). "Cool Vendors in Cloud Management, 2011". Gartner. Retrieved 1 March 2014. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
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