Ottawa cloud management firm secures $8 million in Series A funding

AirVM, an Ottawa-based cloud management platform provider, announced Thursday it has secured $8 million in Series A funding its CEO said will “ensure ongoing innovation and growth.”

The round was led by RHO Canada Ventures, with Build Ventures and current investor Wesley Clover joining in.

“We will continue to build on our momentum as the leading VMware cloud management platform company and expand into new markets,” CEO Joshua Vautour said in a statement, adding 2015 has been a year of tremendous growth.

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The company said the funding will help it expand to new regions as well as develop new cloud services and platform technologies.

In addition to strengthening its integration with VMware technologies, AirVM said the funding will help it expand support for third-party public clouds such as Amazon Web Services and Microsoft Azure, while assisting it in its integration with other cloud technologies such as OpenStack and Microsoft Hyper-V.

With the growth comes further investment in sales, support and engineering teams, it said.

“Josh and his team have worked hard to build the AirVM business,” Wesley Clover chairman Terry Matthews said in a statement. “This external investment round is validation that they are on the right track. The AirVM technology solves real business problems, their partner ecosystem continues to grow and their markets are expanding globally.”

The news comes the same day the company announced a new partnership with Rackspace. AirVM will provide Rackspace with its AirSembly software – a platform that Rackspace can use to help speed up delivery of VMware cloud services to customers and increase operational efficiency.

AirVM also announced AirSembly 2.0 is ready for its unveiling, which will happen at VMworld 2015 in San Francisco Aug. 30 to Sept. 3.

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