Energy efficient technology company VirtenSys receives $16m in venture funding

The Series C funding, which includes previous investors Scottish Equity Partners (SEP), Celtic House Venture Partners, and Belgian private equity firm Gimv.

According to VirtenSys, the company’s systems reduce data centre operational expense and complexity, improve I/O utilisation to greater than 80 per cent, enhance throughput, halve equipment cost and reduce I/O power consumption by more than 60 per cent.

Stuart Paterson, partner at SEP, said, "It is estimated that the I/O Virtualisation switch opportunity to be worth more than $4bn per year. The customers’ demand for the company’s products is very impressive and encompasses multiple vertical markets."

Tom Valis, partner at Celtic House, said, "We have been with the company since the beginning, and we are pleased to see VirtenSys getting so much demand at key server customers. VirtenSys has brought to market a product at the right time to serve as a platform to optimise server networking and storage connectivity, and become a catalyst to the next-generation green IT data centres."

Earlier this month, VirtenSys became the first company to consolidate and optimise the most commonly deployed networking and storage connectivity in servers.

Ahmet Houssein, president and CEO at VirtenSys said, "This funding round follows on the heel of successes at multiple server OEM customers and channel partners, and further signifies the general recognition of the VirtenSys I/O virtualisation products as the industry’s best price/performance and lowest energy-usage solutions for the I/O bottleneck in data centres."

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