Intigua Secures $10 Million in Series B Funding Round Led by Intel Capital
Investment validates need for software-defined operations and container technology in legacy and cloud environments
NEWTON, Mass., July 24, 2014-- Intigua™, the first company to enable software-defined operations using advanced container technology, today announced it has closed a $10 million Series B round led by new investor Intel Capital. Existing investors Bessemer Venture Partners and Cedar Fund also participated in the round, which brings the total invested capital to $21 million. Intigua will use the new monies to fund global sales, marketing and development of the Intigua Virtual Management platform, and accelerate its ability to execute on its software-defined operations vision.
This round follows a series of achievements for Intigua, including the coveted “Best of VMworld” award and a record 1H 2014 highlighted by the addition of several strategic customers, including a Fortune 500 technology company, one of the ten largest global banks, and the world’s largest IT systems integrator. Enterprises like these are turning to Intigua to accelerate workload delivery, improve application uptime and performance, and boost operational efficiencies across increasingly complex environments. By enabling software-defined operations, a concept Intigua coined to denote the ability to deliver systems management as a service at cloud scale, the company is ushering in a new era of IT operations.
"Intigua's automation and orchestration capabilities for software-defined operations help businesses transition to private cloud environments," said Arvind Sodhani, President of Intel Capital and Executive Vice President of Intel Corporation. "This investment supports the industry trend toward software-defined infrastructure, enables a whole new level of agility for customers to maximize value, and supports Intel's innovation strategy."
Director Andy Fligel led the investment for Intel Capital.
“Intel Capital is world-renowned for investing in innovative companies that profoundly impact how businesses operate,” said Shimon Hason, CEO of Intigua. “We’re thrilled to play a role in helping Intel realize its vision of an end-to-end software-defined infrastructure by providing the virtualized management component. Intel Capital’s investment, along with continued support from Bessemer and Cedar, validate both the importance of this overlooked aspect of the software-defined movement and Intigua’s approach to enabling software-defined operations.”
The Intigua Virtual Management Platform automatically discovers new and existing workloads across physical, virtual and public/private cloud environments. Using the Intigua policy engine, the right management tools are configured, delivered and monitored based on the needs of the workload. Designed to be vendor-, cloud- and hypervisor-agnostic, Intigua leverages advanced container technology to provides users with unified abstraction, enabling them to easily consume and deliver management as a service. The platform supports a wide range of tools across performance monitoring, backup, security, logging, configuration management and more, from vendors including Amazon, BMC, CA, Chef, EMC, HP, IBM, Microsoft, Puppet, Splunk, VMware, as well as OpenStack.
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,370 companies in 55 countries. In that timeframe, 207 portfolio companies have gone public on various exchanges around the world and 354 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
About Bessemer Venture Partners
With $4 billion under active management, Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. See www.bvp.com or follow BVP on Twitter @bessemervp.
About Cedar Fund
Cedar Fund is an international venture capital firm with offices in Israel and Boston that invests in high technology Israel-related companies. With its investment track record and over $325 million under management, Cedar Fund is among the most notable and active venture firms focusing on Israel-related investments. Cedar Fund invests in outstanding entrepreneurs pursuing high growth markets with distinguished technologies in enterprise software, Internet, mobile, digital media, CleanTech, networking and telecommunications. Cedar invests in all stages, having successfully pioneered Pre-Seed® investing in Israel (with companies such as BigBand and Onaro). www.cedarfund.com
Winner of “Best of VMworld” awards for 2 years running, Intigua pioneered software-defined operations—where systems management is delivered as a service. Using the company’s advanced container and policy-based technologies, the Intigua Virtual Management Platform brings unparalleled simplicity and agility to IT operations for private and public clouds, and virtual and physical data centers. Intigua is backed by leading investors including Bessemer Venture Partners, Cedar Fund and Intel Capital. Learn more at www.intigua.com.
Press contact for Intigua:
Bedsole & Company
Janice Bedsole, 781-789-6108
Venture Capital Database