Turbonomic
Company type | Private |
---|---|
Industry | Virtualization Information Technology |
Founded | 2009 |
Headquarters | 500 Boylston Street , Boston, Massachusetts |
Key people | Shmuel Kliger (Founder and President) Benjamin Nye (CEO) Yuri Rabover (Vice President of Product Strategy & Co-Founder) Mo Garad (CFO) |
Products | Virtualization Management Software |
Website | www.vmturbo.com |
VMTurbo, Inc. is an American software company that provides cloud and virtualization management solutions 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 rasied 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] 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.[6] 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.[7] On October 23, 2013, VMTurbo named Geeta Sachdev its Chief Marketing Officer.[8] VMTurbo announced, on February 11, 2014, that it will be moving its headquarters from Burlington, MA to Boston, MA beginning in April 2014.[9]
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. 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.[10] 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, but not quickly as the solution is NP complete. 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.[11] 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[12][13]
- CRN 2014 Data Center 100: 20 Virtualization Providers[14]
- Tech Trailblazers - Virtualization Trailblazer 2013[15]
- JPMorgan Chase & Co – Hall of Innovation[16]
- EMA Vendor to Watch: VMTurbo[17]
- Best data storage products 2013: Products of the Year[18]
- Forbes – America’s most promising companies 2013[19]
- CRN Emerging Vendors 2013[20]
- SearchServerVirtualization’s 2011: Products of the Year[21]
- Gartner Cool Vendors in Cloud Management, 2011[22]
References
- ^ Weiss, Todd R. (December 21, 2004). "EMC acquires SMARTS in $260M deal". ComputerWorld. Retrieved 21 March 2014.
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(help) - ^ Ludwig, Sean (November 29, 2011). "VMTurbo grabs $10M from Bain, Highland to expand cloud virtualization solutions". Venture Beat. Retrieved 28 March 2014.
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(help) - ^ "VMTurbo Secures $10 Million Series B Funding". Highland Capital Partners. November 29, 2011. Retrieved 28 March 2014.
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(help) - ^ Alspach, Kyle (May 1, 2013). "Cloud automation firm VMTurbo adds $7.5M from Globespan". Boston Business Journal. Retrieved 7 March 2014.
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(help) - ^ "Bain Capital Ventures, Highland Capital Partners Joins Series C For VMTurbo - See more at: http://boston.citybizlist.com/article/bain-capital-ventures-highland-capital-partners-joins-series-c-vmturbo#sthash.SjDmXhY3.dpuf". CityBizList-Boston. May 1, 2013. Retrieved 7 March 2014.
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(help) - ^ "VMTurbo Accelerates Momentum with Record Q1; Secures New Funding". MarketWatch. May 1, 2013. Retrieved 5 March 2014.
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(help) - ^ Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". Boston.com. Retrieved 4 March 2014.
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(help) - ^ "VMTurbo Names Geeta Sachdev Chief Marketing Officer". Yahoo! Finance. October 23, 2013. Retrieved 7 March 2014.
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(help) - ^ Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. Retrieved 7 March 2014.
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(help) - ^ Prickett Morgan, Timothy (6 Feb 2012). "VMTurbo control freak spans more clouds". The Register. Retrieved 7 March 2014.
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(help) - ^ Yechiam Yemini. "Economic Models for Allocating Resources in Computer Systems". Retrieved 19 March 2014.
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suggested) (help) - ^ Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". Boston.com. Retrieved 7 March 2014.
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(help) - ^ 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.
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(help) - ^ Burke, Steve (February 12, 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN.com. Retrieved 7 March 2014.
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(help) - ^ "Winning Tech Trailblazers unveiled: who to watch in 2014". Tech Trailblazers Press Release. February 5, 2014. Retrieved 7 March 2014.
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(help) - ^ "JPMorgan Chase Inducts VMTurbo into Hall of Innovation". MarketWatch. Retrieved 7 March 2014.
October 17, 2013
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(help) - ^ "EMA Vendor to Watch: VMTurbo" (PDF). EMA. 2013. Retrieved 7 March 2014.
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(help) - ^ Ellen O'Brien (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearhVirtualStorage. Retrieved 7 March 2014.
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suggested) (help) - ^ Meyer, Andrea (February 7, 2013). "VMTurbo Named to Forbes America's Most Promising Companies List". VMTurbo Press Release. Retrieved 7 March 2014.
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(help) - ^ "VMTurbo Named a 2013 Emerging Vendor by CRN". Bloomberg. September 16, 2013. Retrieved 7 March 2014.
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(help) - ^ "Products of the Year 2011: Virtualization management". TechTarget - SearchServerVirtualization. Retrieved 3 March 2014.
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(help) - ^ Milind Govekar (April 11, 2011). "Cool Vendors in Cloud Management, 2011". Gartner. Retrieved 1 March 2014.
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