# Velostrata

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/velostrata

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.velostrata.com
- Total disclosed funding: $32M
- Latest round: Series B (Jun 15, 2016)
- Investors on record: 3

## About

Velostrata, Inc. is a technology company specializing in cloud migration solutions that enable businesses to efficiently transition virtual machines and data to Google Cloud's infrastructure.Founded in 2014 and headquartered in San Mateo, US, Velostrata, Inc. provides innovative migration solutions for virtual machines. The firm raised a total of USD 17.50 mn in its Series B funding round led by Intel Capital in May 2018, with contributions from 83 North and Norwest Venture Partners. The company has successfully executed four deals to date.Velostrata, Inc. offers a primary service called Migrate to Virtual Machines, which streamlines the migration of virtual machine instances and associated disk data from on-premises data centers and various cloud platforms to Google Cloud. This service caters to enterprises aiming for improved data management and operational efficiency, applicable across sectors like healthcare and finance, and marketed globally in North America, Europe, and Asia-Pacific.Velostrata’s revenue model is based on subscription services, enabling clients to access migration tools and ongoing support through annual agreements. The company collaborates with cloud service resellers to enhance service distribution, allowing for both one-time migrations and sustained cloud management, which supports clients in achieving predictable costs and optimizing their operations.Looking ahead, Velostrata plans to expand its product offerings and enter new markets, although specific new product details and release dates have not been disclosed. Following the acquisition agreement with Google Inc. in May 2018, the company aims to leverage this partnership for broader market reach and enhanced service capabilities.

## Funding rounds

- Series B, Jun 15, 2016, $18M — Intel Capital, Norwest Venture Partners, 83 North
- Series A, Jan 26, 2015, $14M — Norwest Venture Partners, 83 North
- Series A, May 27, 2014 — 83 North

## Investors

- 83 North (https://capitalatlas.ai/funds/83-north) — Series A, Series B
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B